The rebrand follows nearly six years of strategic acquisitions to expand the company’s nationwide footprint, which covers 14 production farms in four states.
The sale of Color Spot Nurseries to Wells Fargo became official on August 17, 2018, resulting in Color Spot Nurseries emerging from Chapter 11 bankruptcy with a successful corporate restructuring.
In an interview with Greenhouse Grower, we got to know this large producer of shrubs, trees, and perennials a bit better, and learned what CEO Jonathan Saperstein plans to do with the Hines Division locations now that TreeTown USA as officially acquired the business from Wells Fargo.
With its pending sale to Wells Fargo Bank, Color Spot’s growing operations will continue in order to honor customer commitments. Meanwhile, the Hines Division, which will be sold to TreeTown USA, will support the company’s continued growth across the U.S.
A July 20 auction resulted in successful bids for the largest greenhouse operation in the country, and a hearing following the auction indicated approval of the sale.
