Glendale acquires Merediths out of administration

Glendale Horticulture has acquired the trade and assets of RA Meredith and Sons (Nurseries), which was in administration, from David James Bennett and Ian Stewart Carr, joint administrators of Grant Thornton LLP.

Glendale, which already owns Coblands Nurseries in Kent will continue the business as Merediths.

Merediths is based at Fretherne Nurseries, Saul, Gloucestershire and occupies seven sites throughout the Vale of Evesham and Gloucestershire growing bedding plants, herbs and DIY fruit and vegetable plants. Production totals 13 million plants per year.

Customers include a major retailer, the DIY market and garden centres. The acquisition secures the jobs of 106 employees.

Glendale will acquire two freehold nursery sites with the stock and assets for an undisclosed consideration, and a new board of directors will take responsibility for both the business of Merediths and Coblands, with forecast annual sales of around £10 million.

Glendale parent company Parkwood Holdings executive chairman Tony Hewitt said "This acquisition is another step in the consolidation of the horticultural market, preserving jobs and the technical horticultural expertise that this country is renowned for."

Merediths former MD Andrew Bennett, newly appointed as a director of Glendale Horticulture and general manager of Merediths, said: "We are extremely excited and positive about the future and the opportunities that Merediths Nurseries have going forward."

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