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Old August 18, 2010   #1
Wi-sunflower
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Default Jackson & Perkins, Park Seed To Be Auctioned

Jackson & Perkins, Jackson & Perkins Wholesale, Park Seed and Park Seed Wholesale all will be auctioned off August 23, and an initial bid has already been submitted for $7.1 million.

http://www.greenhousegrower.com/news/?storyid=3649

Carol

Last edited by Wi-sunflower; August 24, 2010 at 05:35 PM.
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Old August 18, 2010   #2
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These were two giants years ago...too bad they were mismanaged. Carol, I hope you have the winning bid ;-)
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Old August 18, 2010   #3
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i hope park's continues to carry county fair cucumber. while their service stinks on ice, they are 1 of the very few to carry county fair.
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Old August 24, 2010   #4
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Park Seed Co. has been purchased through auction by private equity firm Blackstreet Capital of Chevy Chase, Md., for $13 million.

http://todaysgardencenter.com/news/n.../?storyid=3533

Carol
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Old August 24, 2010   #5
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Please see this thread for the background info. It was just a matter of time... http://tomatoville.com/showthread.php?t=10770
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Old August 24, 2010   #6
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More background on how the parasitic Hachenbergers bled the company dry while playing the shell game with debtors to the point that the bankruptcy trustee couldn't figure out which subsidiary owed which creditor money.

This is a crime and they should be held accountable, scumbags.

http://www.leagle.com/unsecure/page....bco20100722694
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say to yourselves with regret

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No matter how deep my sleep I shall hear you,

and not all the power of death

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Old August 24, 2010   #7
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Apparently the purchaser of Park Seed has agreed to keep the company in Greenwood for three years and retain the 200 employees.

It would seem most of the complaints registered against Park Seed on this forum were the result of an action or lack of action by one or more of the employees of Park Seed.

If the investment by the buyer can be earned back, the company will need to rebuild it's reputation. Can that be done with the same employees who were causing the problems?

Ted
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