Acquisitions and restructures

Anyone who read with care Horticulture Week's preview of 2013, published at the start of the year, won't have been taken too much by surprise at the news last week that Glendale has bought ailing bedding grower Merediths.

Asked for his market predictions back in January for 2013, Glendale managing director Andy Corcoran told HW to expect further acquisition activity in the sector, and that included Glendale, which would "continue to look for suitable opportunities to grow in the green services sector".

Likewise, the news that the atrocious market conditions of 2012 and early 2013 have taken their toll on yet another well-known grower - Merediths went into administration on 19 July - will, sadly, also likely be met with little surprise, despite the upturn in the weather since May boosting plant sales.

Two leading players - Verde Horticulture and David Austin Roses - announced restructuring measures earlier this summer in the wake of the plant sales wipe-out - and, as we noted at the time, were widely expected to be followed by more nurseries revealing the impact on their businesses of two exceptionally tough seasons.

On this occasion, the good news is that the acquisition opportunity that has been created for Glendale - which has been on the hunt for another nursery since its 2005 purchase of Coblands - will secure more than a hundred jobs at Merediths. The purchase is a good fit with Glendale's one-stop-shop approach, which offers a diverse range of green services to customers. And as Glendale executive chairman Tony Hewitt notes, the move will ensure the retention for the skills crisis-hit ornamental production industry, of the technical skills of Merediths' nursery staff.

Kate Lowe, Editior -

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Sign up now
Already registered?
Sign in

Read These Next

Business planning - Cash-flow management

Business planning - Cash-flow management

Wider market volatility can have a big impact on cash flow but there are ways to avoid problems, Neville Stein explains.

Chainsaws - Improving performance

Chainsaws - Improving performance

Battery chainsaws offer many advantages while innovative technology shelps the latest petrol models meet emissions standards, writes Sally Drury.

Chainsaws tested and reviewed: battery v petrol

Chainsaws tested and reviewed: battery v petrol

How do the latest battery models shape up against new petrol chainsaws when tested at Bridgwater College? Sally Drury reports.

Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +
Horticulture Jobs
More Horticulture Jobs

Horticulture Week Custodian Awards

Jeremy Barrell On...

Jeremy Barrell

Tree consultant Jeremy Barrell reflects on the big issues in arboriculture.

Products & Kit Resources