Carolina Nurseries Halts Auction

Stop the auction! That’s what Carolina Nurseries President J Guy did Friday morning after two days of plant inventory sales as part of its liquidation.

Guy interrupted the proceedings during the third day of the auction, announcing the auction was immediately over. He told the stunned bidders, “Go home, go home, go home.” The crowd moved to check out the plant logs sold that morning and all auction sales from the first and second day were honored.

Based in Moncks Corner, S.C., Carolina Nurseries was able to negotiate new arrangements with its lender to have a more controlled inventory liquidation over the next three months instead of selling all the plants immediately via auction. The goal is to ensure stable operations as the nursery satisfies its bank obligation. After taking stock of its inventory, post auction, the nursery’s sales staff and its landscape supply division will resume sales as usual starting next week.

“We appreciate this vote of confidence from our bank,” Guy says. “This gives us some breathing room to continue working with our valued customers in the coming months. It helps us better serve them, helps our revenue and ultimately, affords a solid solution for our loan obligations.”

Last week was an intense one as the terms of the nursery’s financing expired June 21 and then 335 employees learned they would be losing their jobs over the next 90 days, as the nursery liquidates its inventory. “I told (our employees) we struck out on financing,” Guy told The Post and Courier, the local newspaper in Charleston. “The deal we thought we had in hand reconsidered.”

Leave a Reply

4 comments on “Carolina Nurseries Halts Auction

  1. Its a shame when floriculture business’ and the like, cannot recieve the financing they need; an absolute shame, but a telling of the times, a heart piercing non-fiction about the American (U.S.) nation at present! 300+ lives altered, maybe they can find a census job. . . .o, thats right they are done with that. . . .

  2. I was at Carolina Nurseries while this travesty took place, only to be there as support for J, David, Steve, and their empoloyees.

    The bank ought to be ashamed for staging this rape and robbery of Carolina Nurseries and their inventory. Why not re-negotiate the nursery loan? I suppose it’s OK to take our tax payer money to bail YOU out, but you have no problem throwing 300+ people on the street? Your greed is only surpassed by your stupidity for holding a ‘No Reserve’ auction. The plants could have been marked down 75% off regular prices and brought more than you generated. I guess the Peter Principal is still alive and well in Corporate America. If I was a shareholder in this bank, I would certainly like an answer as to why you didn’t do a better job of protecting my share value, and work something out. I suppose you look forward to repossessing their homes as well in 5 or 6 months.
    Second, the auction company should be ashamed for the way they handled the auction. Why did you sell in such large lots? How many nurseries are there that can handle 500 to 1000 15 gallon pieces at one time? You eliminated 98% of the bidders who were there. The remaining vultures were drooling all over themselves, winking at each other, stealing 15g plants that should have gone for $20-$25/ea, sometimes for less than $1. Shame on the auction company, their greed is surpassed only by their stupidity. They left lots of money on the table that would have increased their commission, as well as helped Carolina satisfy the bank had they sold at ‘Reserve’ prices.
    Most of all, the bidders who attended the auction should be ashamed for even attending and bidding. Many were even Carolina Nurseries partners in Novalis, as well as long time customers. You DID NOTHING to help them, you preyed upon them at their weakest moment for your own greed, which is surpassed only by your lack of compassion. I sincerely hope you get a visit from the INS, and all of your plants develop a case of Sudden Oak Death. A truly sad day for the industry.

  3. Its a shame when floriculture business’ and the like, cannot recieve the financing they need; an absolute shame, but a telling of the times, a heart piercing non-fiction about the American (U.S.) nation at present! 300+ lives altered, maybe they can find a census job. . . .o, thats right they are done with that. . . .

  4. I was at Carolina Nurseries while this travesty took place, only to be there as support for J, David, Steve, and their empoloyees.

    The bank ought to be ashamed for staging this rape and robbery of Carolina Nurseries and their inventory. Why not re-negotiate the nursery loan? I suppose it’s OK to take our tax payer money to bail YOU out, but you have no problem throwing 300+ people on the street? Your greed is only surpassed by your stupidity for holding a ‘No Reserve’ auction. The plants could have been marked down 75% off regular prices and brought more than you generated. I guess the Peter Principal is still alive and well in Corporate America. If I was a shareholder in this bank, I would certainly like an answer as to why you didn’t do a better job of protecting my share value, and work something out. I suppose you look forward to repossessing their homes as well in 5 or 6 months.
    Second, the auction company should be ashamed for the way they handled the auction. Why did you sell in such large lots? How many nurseries are there that can handle 500 to 1000 15 gallon pieces at one time? You eliminated 98% of the bidders who were there. The remaining vultures were drooling all over themselves, winking at each other, stealing 15g plants that should have gone for $20-$25/ea, sometimes for less than $1. Shame on the auction company, their greed is surpassed only by their stupidity. They left lots of money on the table that would have increased their commission, as well as helped Carolina satisfy the bank had they sold at ‘Reserve’ prices.
    Most of all, the bidders who attended the auction should be ashamed for even attending and bidding. Many were even Carolina Nurseries partners in Novalis, as well as long time customers. You DID NOTHING to help them, you preyed upon them at their weakest moment for your own greed, which is surpassed only by your lack of compassion. I sincerely hope you get a visit from the INS, and all of your plants develop a case of Sudden Oak Death. A truly sad day for the industry.

Latest Stories
Greenhouse Grower’s 2015 Head Grower Of The Year Tom Wheeler - Feature image

August 31, 2016

SAF Elects New Retail, Wholesale, And Grower Council Me…

The segment council members play an important role by helping the Society of American Florists keep its finger on the pulse of what is happening at the grower, wholesale, and retail level across the country.

Read More
Bee on Sunflowers

August 30, 2016

Bee Vectoring Technologies Names New President And CEO

Ashish Malik, a former Vice President of Global Marketing at Bayer CropScience, will focus on marketing Bee Vectoring Technologies’ patented proprietary tray dispenser system that uses bees to delivery organic compounds directly to crops.

Read More
Griffin Onliant Logo

August 30, 2016

Griffin Launches New Digital Greenhouse Ordering System

Onliant, which replaces Griffin’s previous e-commerce sites, provides growers and retailers with a new platform to source plants, hard goods, equipment, and retail inputs.

Read More
Phlox 'Pink Profusion' (Green Leaf Plants)

August 30, 2016

13 Cool Season Plants To Kick Off The Spring Season

These new cultivar introductions for 2016 are spring bloomers that can take the cold for early-season sales.

Read More
America In Bloom Project

August 29, 2016

Your Chance To Help America In Bloom As It Celebrates I…

America In Bloom is launching a fundraising campaign to help the group continue its mission of creating beautiful and vibrant communities across the country.

Read More

August 29, 2016

Does Point-Of-Sale (POS) Make A Difference for Plant Re…

When Greenhouse Grower RETAILING asked plant retailers about their plant pricing techniques, we also asked if they use POS or not. We decided to take a close look at where these two groups differ:

Read More
Griffin Logo

August 29, 2016

What You Should Do At The Griffin Expos, Massachusetts …

The first of the fall Griffin Expos takes place this week in West Springfield, MA, August 31 and September 1, 2016. A Lancaster, PA, Expo will take place next month. If you’re heading to this distributor show, make sure you check out these highlights: White Elephant Sale Each year, Griffin clears out its branch warehouses by holding a sale of its closeout and overstock items. The discounts are deep, and the competition for the items are fierce. “Once items are gone, they’re gone. So, that first hour or so is kind of like ‘the running of the brides’ at Filene’s,” says Tracey Gorrell, Marketing Communications Lead at Griffin. On-Site Experts Griffin offers opportunities to connect face-to-face with industry experts and get answers, tips, and advice catered to your unique needs and interests: The GGSPro team is available to field your questions; and 150 manufacturers, breeders, and young-plant producers can discuss […]

Read More

August 29, 2016

Fire Damages Swanson Nursery

Fire crews were called to Seattle-based Swanson’s Nursery in the middle of the night on August 22, the Ballard News Tribune reported. The fire, likely started by an “electrical issue,” destroyed bathrooms and a seminar room, Retail Manager Eric Nordstrom told the news outlet. Smoke damage was more extensive, however. Swanson’s President, Brian Damron says the fire also reached a storage area and utility room. A fire department spokesman says the fire broke through the greenhouse walls, and that part of a wooden wall had to be removed so the crew could reach the flames. The store’s café resides next to the damaged area, and is temporarily closed. It’s an important part of Swanson’s off season revenue strategy. The store is working with a timeline of repairs with its insurance company so it can determine when the cafe can reopen, the news outlet reports. The fire was out relatively quickly once […]

Read More
North Creek Nurseries Feature Image

August 29, 2016

North Creek Nurseries Unites Horticulture With Sustaina…

The team at North Creek Nurseries, Greenhouse Grower’s 2016 Operation Of The Year, leads the way in implementing ecologically responsible practices that will sustain the future of growing.

Read More

August 28, 2016

BioWorks IPM/Sustainable Practices Scholarship Goes To …

Schaller, a senior at the University of Arizona in the Plant Sciences Department, is interested in ornamental and floriculture crop breeding and crop physiology.

Read More
Next Generation

August 27, 2016

Australia Launches Initiative To Ignite A New Generatio…

Hort Innovation Chief Executive John Lloyd says the goal is to identify and build future industry leaders at all stages of their career through investment in a host of new initiatives.

Read More
Penn State University Trial Day

August 26, 2016

How Greenhouse Growers Can Broaden Their Horizons

Allan Armitage says you can learn new ideas to help your business when you get out to visit plant trials and other growers.

Read More
Albert Grimm, Jefferys Greenhouses

August 25, 2016

7 Ways Albert Grimm Strives To Be An Effective Leader

Grimm, Greenhouse Grower's 2016 Head Grower Of The Year, tries to live by the "Seven Habits Of Highly Effective People” from author Stephen R. Covey.

Read More
Tidal Creek Growers

August 25, 2016

Maryland-Based SunMed Growers Nabs Cannabis License

The company was one of 15 licensees selected by the commission out of a pool of 145 grower applicants to receive one of the license pre-approvals.

Read More
GrowSpan Light Deprivation Greenhouse

August 25, 2016

New Light Deprivation Greenhouses Help With Light Manag…

The GrowSpan light deprivation greenhouse from Growers Supply is outfitted with a blackout system that provides growers with control over the light cycle.

Read More
Albert Grimm GOY feature

August 25, 2016

Up Close And Personal With Head Grower Of The Year Albe…

According to Grimm, Greenhouse Grower’s 2016 Head Grower Of The Year, the key to being a successful grower is educating and inspiring yourself, your staff, your customers, and the next generation of growers.

Read More
To offer consumers an attractive crop, Local Appetite uses high tunnels to grow cherry tomatoes

August 24, 2016

New Food Safety Compliance Resource Available For Green…

The FSMA Wizard from Registrar Corp makes it easy for food producers, including greenhouse vegetable growers, to determine their possible requirements under the Food Safety Modernization Act.

Read More
Cannabis Structure

August 23, 2016

5 Factors To Consider In Your Cannabis Structure

Along with the size and specs of your greenhouse, it's also important to focus on ventilation, light deprivation, benching, irrigation, and odor control.

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