Another Top 100 Grower In Chapter 11

B and H Flowers is the latest Top 100 Grower to file for Chapter 11 bankruptcy protection, filing June 3 after its bank raised concerns about the operation’s financial health.

Another Top 100 Grower–and a California grower at that–filed for Chapter 11 bankruptcy protection last month when Nurserymen’s Exchange announced it was reorganizing. B and H Flowers, which covers 1.35 million square feet of greenhouse space, is about half the size of Nurserymen’s Exchange.

According to the Wall Street Journal, B and H recorded $16 million in revenue during the last fiscal year but it expects to take in much less this year. B and H, which is made up of 140 employees, plans to close a remote nursery location located three hours north of its Santa Barbara headquarters.

Learn more about B and H online at http://blogs.wsj.com.

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5 comments on “Another Top 100 Grower In Chapter 11

  1. Anonymous

    Is anyone paying attention to what these bankruptcies are doing to the suppliers of these growers? Trade debt is huge and will have long lasting effects to this industry especially where the trade works off low margins.

    Maybe it is time to charge what plants are really worth and not what we charged in the 80s.

  2. Anonymous

    The market is undergoing the appropriate adjustment for over-supply. Consumers didn’t cause commoditization of floriculture; too many suppliers did.

  3. bankrupt1

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