Top Hines Creditors Revealed

Based in Irvine, Calif., Hines Horticulture filed for Chapter 11 bankruptcy protection on Aug. 20. The company is one of the nation’s largest growing operations with seven facilities spanning 4,000 acres of outdoor and greenhouse production in Arizona, California, Texas and Oregon.

A 244-page document filed Sept. 19 in the U.S. Bankruptcy Court for the District of Delaware reveals Hines owes more than $192.6 million to unsecured creditors with nonpriority claims. Ahead of them to collect money are secured creditors, like banks, and all tax-collecting government agencies where Hines operates.

The top 12 claims from unsecured creditors who are also industry suppliers include:
– SunGro Horticulture–$550,557 (Hines used to own SunGro)
– Syngenta Seeds–$516,888
– Ball Seed–$445,807
– Conard-Pyle Co.–$208,026
– McGregor Plant Sales–$205,007
– Simplot Partners–$176,118
– ForemostCo Inc.–$167,865
– Western Farm Service–$158,352
– Wilbur-Ellis Co.–$146,263
– Abbott-IPCO–$145,280
– Magnolia Gardens Nursery–$140,800
– BWI Companies–$107,185

Together, the claims from these dozen companies represent nearly $3 million of the $192.6 million, so the debt is distributed widely to hundreds of companies. A hearing for the unsecured creditors is scheduled for Oct. 22.

Leave a Reply

22 comments on “Top Hines Creditors Revealed

  1. The remaining debt is distributed widely not over hundreds, but thousands of companies. Just a simple calculation shows, that there must be at least 4,000 unsecured creditors. Divide 190 million by an average of say 45 thousand? This means that Hines must have been hopping from one supplier to the next until no suppliers were left, that were willing to deliver before any outstanding overdue invoices were paid.
    How could this get so out of hand?
    In my eyes the responsible people should be punished for this.

  2. Perhaps Hines can cash in on the Congressional bailout. Everyone else is. Those responsible for the Hines mess knew what they were doing and continued anyway. My plan for them: accountability, restitution and retribution.

  3. This simply shows that in a tight credit market, they used their vendors as “bank”. No interest payment, no security payments, no one looking over their shoulders…. Clever… Purchasing should be given a gold star for operating under such a burden! Management…well they got caught…OOPS!

  4. Sure glad we put them on cash with order some time ago.

    Warning flags should go up when a customer “loyal” to your competition suddenly courts you as a new supplier.

  5. The Board of Directors should fire the entire management team and dismantle the company if they cannot come up with a business plan that will work.

  6. Hines also payed us within terms right up until the filing of Chapt. 11. We did have past due invoices but less 20 days past due. So, the operatives with who we worked were great! The management is another issue.

  7. Hines always discounted their invoices. (took prompt pay discounts within the allowed time). However, anyone who pays attention to the industry knew this thing was coming.

  8. With much of the same management team involved–Hines will never come out of this bankruptcy. They are the same people who got them into this mess. Besides, most of the knowledgable staff who were doing the day to day work have all left. It will never fly!

  9. The remaining debt is distributed widely not over hundreds, but thousands of companies. Just a simple calculation shows, that there must be at least 4,000 unsecured creditors. Divide 190 million by an average of say 45 thousand? This means that Hines must have been hopping from one supplier to the next until no suppliers were left, that were willing to deliver before any outstanding overdue invoices were paid.
    How could this get so out of hand?
    In my eyes the responsible people should be punished for this.

  10. Perhaps Hines can cash in on the Congressional bailout. Everyone else is. Those responsible for the Hines mess knew what they were doing and continued anyway. My plan for them: accountability, restitution and retribution.

  11. This simply shows that in a tight credit market, they used their vendors as “bank”. No interest payment, no security payments, no one looking over their shoulders…. Clever… Purchasing should be given a gold star for operating under such a burden! Management…well they got caught…OOPS!

  12. Sure glad we put them on cash with order some time ago.

    Warning flags should go up when a customer “loyal” to your competition suddenly courts you as a new supplier.

  13. The Board of Directors should fire the entire management team and dismantle the company if they cannot come up with a business plan that will work.

  14. Hines also payed us within terms right up until the filing of Chapt. 11. We did have past due invoices but less 20 days past due. So, the operatives with who we worked were great! The management is another issue.

  15. Hines always discounted their invoices. (took prompt pay discounts within the allowed time). However, anyone who pays attention to the industry knew this thing was coming.

  16. With much of the same management team involved–Hines will never come out of this bankruptcy. They are the same people who got them into this mess. Besides, most of the knowledgable staff who were doing the day to day work have all left. It will never fly!

More From Top 100 Growers...
Costa Farms

January 29, 2016

Costa Farms Named International Grower Of The Year

Costa Farms was the night’s biggest winner during an awards gala presented by the International Association of Horticultural Producers (AIPH) and held at IPM Essen in Germany. (Read more about the business culture that’s driven Costa’s success in Greenhouse Grower’s January 2016 feature story.) The Florida-based grower was named the International Grower Of The Year, and was chosen from a group that included eight other international companies. “This award is a reflection of our entire team, and we are all dedicated to being the best at what we do and making this company successful for the long term,” said Jose Costa, Executive Vice President of Costa’s foliage division. The AIPH awarded gold, silver, and bronze awards in three categories — Finished Plants And Trees, Young Plants, and Cut Flowers — prior to naming the big winner. Costa was the gold winner in the Finished Plants and Trees Category. Each of […]

Read More

January 20, 2016

Color Point Creates New Marketing And Communications Department, Hires Naomi Maloney As Its Director

According to Color Point co-owner Ken VanWingerden, Maloney’s leadership in the new department will help the company better manage its recent growth both internally and with the entire industry.

Read More

January 13, 2016

Costa Farms Wins With Its Emphasis On Team, Solutions, Growth

Based in Miami, FL, Costa Farms has gone global by focusing on strategy, systems, and vertical integration. See how the operation continues to expand through its emphasis on team, solutions, and growth.

Read More
Latest Stories
Costa Farms

January 29, 2016

Costa Farms Named International Grower Of The Year

Costa Farms was the night’s biggest winner during an awards gala presented by the International Association of Horticultural Producers (AIPH) and held at IPM Essen in Germany. (Read more about the business culture that’s driven Costa’s success in Greenhouse Grower’s January 2016 feature story.) The Florida-based grower was named the International Grower Of The Year, and was chosen from a group that included eight other international companies. “This award is a reflection of our entire team, and we are all dedicated to being the best at what we do and making this company successful for the long term,” said Jose Costa, Executive Vice President of Costa’s foliage division. The AIPH awarded gold, silver, and bronze awards in three categories — Finished Plants And Trees, Young Plants, and Cut Flowers — prior to naming the big winner. Costa was the gold winner in the Finished Plants and Trees Category. Each of […]

Read More

January 20, 2016

Color Point Creates New Marketing And Communications De…

According to Color Point co-owner Ken VanWingerden, Maloney’s leadership in the new department will help the company better manage its recent growth both internally and with the entire industry.

Read More

January 13, 2016

Costa Farms Wins With Its Emphasis On Team, Solutions, …

Based in Miami, FL, Costa Farms has gone global by focusing on strategy, systems, and vertical integration. See how the operation continues to expand through its emphasis on team, solutions, and growth.

Read More
Craig Regelbrugge Feature Image

November 23, 2015

Pollinator Initiatives Offer Opportunities For Growers,…

During Greenhouse Grower's 2015 Top 100 Growers Breakfast at Cultivate'15, Craig Regelbrugge, AmericanHort senior vice president for industry advocacy and research, discussed where things stand on the regulatory front with neonicotinoids, and the new Grow Wise, Bee Smart initiative.

Read More
Costa Farms Owners

November 17, 2015

Costa Farms Named As International Grower Of The Year F…

The International Association of Horticultural Producers has announced its finalists for the International Grower of the Year award, and the list includes Costa Farms of Miami, Fla.

Read More
GreenhouseConnect 2015 Grower Supplier Meeting

November 10, 2015

Growers And Suppliers Exchange Solutions And Ideas At G…

Held this year in San Diego at the Rancho Bernardo Inn, GreenhouseConnect 2015 brought growers and suppliers together in a setting designed to amplify networking and collaboration.

Read More
Travis Higginbotham Feature image

November 10, 2015

3 Ways Battlefield Farms Has Become More Sustainable

Travis Higginbotham, research and development manager at Battlefield Farms in Rapidan, Va., discusses how the operation has adapted to crop protection challenges and programs it has implemented.

Read More
Tidal Creek Growers

October 17, 2015

Tidal Creek Growers Up Close And Personal [Photo Galler…

As one of the newest growers to make Greenhouse Grower's Top 100 Growers list at No. 98, Tidal Creek is a sharp operation dedicated to delivering high-quality products and top-notch customer service Check out this photo gallery to see its Davidsonville and Earlville facilities in Maryland and learn more about the operation.

Read More
Tidal Creek Growers Contract Mums

October 5, 2015

Fine-Tuning Greenhouse Contract Growing Keeps Costs In …

Tidal Creek Growers, No. 98 on Greenhouse Grower's Top 100 list, started out as a contract growing business and contracts still account for 35 percent of its business today. In order to keep costs in check and profits steady, owner Jake Van Wingerden is narrowing in on the types of crops he is willing to grow.

Read More
Top 100

May 8, 2015

2015 Greenhouse Grower Top 100 Grower List

The 2015 Top 100 Growers list represents the largest greenhouse operations in the United States. Greenhouse Grower magazine puts out a list annually based on environmentally controlled greenhouse space.

Read More
Top 100

May 8, 2015

The Top 100 Growers Tackle Crop Protection Challenges

We asked the Top 100 Growers how they have changed their production practices to address consumer concerns about pollinator health, as well as how integrated pest management and the use of biocontrols have changed their operations.

Read More
Top 100

May 8, 2015

2015 Greenhouse Grower Top 100 Growers: Reading The Ran…

For the second straight year, Greenhouse Grower’s Top 100 Growers survey shows the largest growers are rapidly expanding.

Read More
40

May 1, 2015

2015 Top 100 Growers: Young’s Plant Farm (No. 40)

Learn more about Young's Plant Farm, No. 40 on Greenhouse Grower's 2015 Top 100 Growers list.

Read More
39

May 1, 2015

2015 Top 100 Growers: Dewar Nurseries (No. 39)

Learn more about Dewar Nurseries, No. 39 on Greenhouse Grower's 2015 Top 100 Growers list.

Read More
36

May 1, 2015

2015 Top 100 Growers: Garden State Growers (No. 36)

Learn more about Garden State Growers, No. 36 on Greenhouse Grower's 2015 Top 100 Growers list.

Read More
35

May 1, 2015

2015 Top 100 Growers: Plant Marketing (No. 35)

Learn more about Plant Marketing, No. 35 on Greenhouse Grower's 2015 Top 100 Growers list.

Read More
48

May 1, 2015

2015 Top 100 Growers: Van Wingerden International Inc. …

Learn more about Van Wingerden International Inc., No. 48 on Greenhouse Grower's 2015 Top 100 Growers list.

Read More
50

May 1, 2015

2015 Top 100 Growers: Bailey Nurseries (No. 50)

Learn more about Bailey Nurseries International Inc., No. 50 on Greenhouse Grower's 2015 Top 100 Growers list.

Read More
[gravityform id="35" title="false" description="false"]