Metrolina Greenhouses Has Finalized Its Purchase Of Stacy’s Greenhouses

stacysweb

The team of Stacy’s employees, based in York, S.C., will transfer over to the Metrolina family of companies, based in Huntersville, N.C. According to the release, Metrolina’s goal is to have a role for each qualified employee in the new organization, with the same, combined staff size as it has today, filling in gaps as needed.

“We will continue the core business operations and staffing at all the growing locations in North and South Carolina. We will invest capital in the business to get it growing again. We will innovate both the processes at Stacy’s and the product offerings from Stacy’s. We will learn from Stacy’s and apply it to the current business we have. We will respect each individual and their contribution in the process. These are fundamental principles we will honor during this transition process.”

The official sale closing was Friday, August 30, and the transition team, led by Metrolina CFO Mike Colitti, has already begun the process of transferring employees over the weekend. Metrolina stated it will share its longer-term business plans in October. Meanwhile, it’s main goals for the first 10 weeks of the transition period are to transfer employees, execute fall business and get spring business produced.

“By making the business grow again, we will be able to honor and extend the business legacy of Mr. Stacy as he and our founder, Tom VanWingerden, were both pioneers in this industry, who worked together on many projects over the years,” says Abe VanWingerden, co-CEO. “Our goal is to follow in those footsteps and make both companies stronger in the future.

“We are happy this part of the process is now complete, but it is not the end of the Stacy’s story, it is merely an exciting, new chapter. As part of Metrolina’s continuing expansion, the asset acquisition of Stacy’s improves our business growth as we continue with our 2025 long-term plans. Stacy’s perennial business is a natural addition to our current product lineup as we continue to provide new and innovative solutions and concepts for our retail partners to drive business growth.”

With fiscal year 2013 sales of $146 million, Metrolina Greenhouses serves approximately 1,000 retail outlets annually with its live goods product mix.

For more information on Metrolina Greenhouses, visit its website.

Topics:

Leave a Reply

Latest Stories
Luxflora Paris Trip

October 20, 2017

Luxflora Paris Trip Offers Insights on Trends Shaping H…

Each year, Luxflora hosts an international trip that allows participants to gain insights on trends and gather inspiration that ultimately will shape and support our industry in many ways. This year’s event took the group to Maison & Objet and Design Week in the City of Lights – Paris, France.

Read More
Capitol Hill_ feature

October 19, 2017

AmericanHort’s Main Priorities After Impact Washi…

Now that Impact Washington is over, AmericanHort, with industry support, is looking to continue its focus on tax reform, labor reform, and research and innovation.

Read More
BrightFarms Ohio

October 18, 2017

Leafy Greens Grower BrightFarms Building New 120,000 Sq…

The operation will provide locally grown salad greens and herbs to supermarkets in the Cincinnati, Dayton, and Columbus, OH, metropolitan areas.

Read More
Rough Brothers HopsHouse

October 18, 2017

New Greenhouse Aimed at Hydroponic Hops Producers

The new greenhouse model is the first single-solution hydroponic greenhouse for year-round hops growth, and harvests anywhere from two to five times a year.

Read More
Petal It Forward 2017

October 17, 2017

Petal It Forward Event a Hit for Both Industry Members …

Check out how this year’s Petal It Forward event brought smiling faces to people across the country, including one personal story.

Read More

October 17, 2017

14 New Shrubs With Fringe Benefits

What’s popular with shrubs? Consumers want varieties that will give them more return on their investment, in terms of long-lasting blooms and multi-season appeal that lasts from spring until fall and at times stretches into the winter months. Here are 14 new varieties of shrubs and sub-shrubs to consider for your product mix in 2018.

Read More
NatureFresh Chili Dog

October 17, 2017

NatureFresh Farms Uses Pest-Detecting Dog to Sniff out …

Knowing that many worker dogs are trained to recognize and discover scents associated with drugs or bombs, the company figured it was possible to train a dog to recognize pepper weevil.

Read More
Researchers Study Rose Varieties

October 17, 2017

Rose Rosette Update: Research into Detection and Manage…

Halfway through a five-year, $4.6 million grant to combat rose rosette disease in the U.S., a national research team is encouraged by the amount of information learned, but admits having a way to go before finding how to overcome the deadly problem.

Read More
Seville Production Line

October 17, 2017

Production Technology Conference Tour Attendees See Tec…

AmericanHort’s Production Technology Conference in Dallas, TX, kicked off on Monday, Oct. 10, with a tour of three local production facilities.

Read More
Botrytis Symptoms on Leaves

October 17, 2017

How One Grower is Battling Botrytis with a New Biologic…

CropKing in Lodi, OH, recently began using a new beneficial fungus in its fight against Botrytis in its greenhouse tomatoes. So far, the results have been promising.

Read More
TTA PackPlanter S-2

October 16, 2017

TTA Introduces New Transplanter Suited for Smaller Grow…

The PackPlanter S has 16 grippers and a capacity of 10,000 to 20,000 plugs per hour in a small frame.

Read More
Karen Reardon, RISE

October 15, 2017

Karen Reardon of RISE Honored by CropLife America

CropLife America presented Reardon with its highest staff award for her successful effort to defend against the ban of pesticide use on private property in Maryland.

Read More

October 14, 2017

PlantPeddler Hosting Poinsettia Variety Day in December

The event will feature side-by-side comparisons of more than 100 commercial and pre-released varieties from seven breeders.

Read More
Whitefly adult

October 13, 2017

Researchers Continue to Keep Close Tabs on Whitefly

Dr. Lance Osborne of the University of Florida and Dr. Cindy McKenzie of USDA’s Agricultural Research Service are evaluating insecticide efficacy and the impact of product rotations on whitefly biotype populations.

Read More
GVZ Glasshouses

October 12, 2017

How to Deal With Common Greenhouse Maintenance Issues

The most common problems often come from a lack of cleanliness and faulty equipment. Here are a number of tips you can follow in each of these areas.

Read More
Mark Schneid

October 11, 2017

Bayer’s New Head of Environmental Science Has Roots in …

Mark Schneid says one of the biggest challenges the industry faces is the constantly evolving customer — particularly among millennials.

Read More
TreetownUSA

October 10, 2017

Houston-Based TreeTown USA Acquires Village Nurseries

With the addition of the new West Coast division, which will continue to operate under its trade name of Village Nurseries, TreeTown USA will now encompass 16 farm locations throughout California, Texas, and Florida, with more than 4,000 acres in production.

Read More

October 10, 2017

Sharpen Your Skills in Cost Management and Profitabilit…

The University of Florida is offering a new online course on costing and profitability. The course will take growers through the process of how to accurately evaluate cost of production, labor efficiency, pricing, and equipment investment decisions.

Read More