Park Seed Sold For $13 Million

Park Seed Co. has been purchased through auction by private equity firm Blackstreet Capital of Chevy Chase, Md., for $13 million.

The auction took place Monday in Columbia, S.C. bankruptcy court, where a judge agreed to Blackstreet’s bid. The company started off with a bid of around $7 million, but two more bidders increased the offerings. Blackstreet promised to keep the operations in Greenwood and to keep the roughly 200 full-time employees on, according to Associated Press reports.

The winning bidder is required to keep the employees on and keep operations in Greenwood for three years or pay a $1.5 million penalty.

Several companies under the George W. Park Co. entity were consolidated last month by the bankruptcy court at the request of the trustee in charge of the companies. The trustee requested the consolidation after finding the financials of all the companies so entangled he could not establish which creditors belonged to each company.

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5 comments on “Park Seed Sold For $13 Million

  1. That PARK SEED CO. They refused replacement for
    Blueberries 3 plants that when they sent by UPS to my door. I open box and I found all 3 plants were all dead. I try put in new freash soil and I look that 3 plants not grow that failed cause bad all 3 plants. Please you send other new 3 plants of Blueberries must live good health. Thank you.
    If you refuse send me other new 3 plants of Blueberries. I will lawsuit you.

    James Raney
    3110 Moss Hill Street
    Zephyrhills, Florida 33543-6302
    leon01@msn.com
    813-377-4909 after at 2:00 PM.

  2. When they bought out Burpee Seed I figured they were going to ruin that name: They did! I also figured they would not make it through hard times either: They didn’t! Management that gets too far above the firing line loses everything.
    So sad!!

  3. That PARK SEED CO. They refused replacement for
    Blueberries 3 plants that when they sent by UPS to my door. I open box and I found all 3 plants were all dead. I try put in new freash soil and I look that 3 plants not grow that failed cause bad all 3 plants. Please you send other new 3 plants of Blueberries must live good health. Thank you.
    If you refuse send me other new 3 plants of Blueberries. I will lawsuit you.

    James Raney
    3110 Moss Hill Street
    Zephyrhills, Florida 33543-6302
    leon01@msn.com
    813-377-4909 after at 2:00 PM.

  4. When they bought out Burpee Seed I figured they were going to ruin that name: They did! I also figured they would not make it through hard times either: They didn’t! Management that gets too far above the firing line loses everything.
    So sad!!

  5. unfortunate that this had to occur but i will still continue to be aloyal customer of park seed as i believe that the company will rebound and learn from this expierience and come out stronger than ever.

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