Solus says talks with new potential buyers making "good progress"

Solus Garden & Leisure says it is making "good progress" in its talks with potential new business partners, both trade and financial investors, who contacted the company during and immediately following the recent failed negotiations for a buy-out by Scotts UK.

Solus chief executive Mark Pearson said the level of interest has been "high, reflecting the value placed on the unique position that Solus occupies in the UK gardening market, and the potential for development opportunities internationally".  

Solus has approached the trade and financial investor market with the support of Grant Thornton, strategic advisors to the business. Solus is "now actively engaged in meeting with the interested parties, a process which will continue over the next few weeks".

Scotts, Bayer and Hozelock are no longer working with Solus.

Pearson said: "We’d like to take this opportunity to express our thanks and gratitude to customers and suppliers who are working with us and have made public and private statements of support for the company.
 
"I’d especially like to thank our loyal Solus staff who are working hard to ensure our customers receive the high level of support they deserve at this time."


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