Metrolina Finalizes Purchase of Stacy's Greenhouses

September 3, 2013 - 06:45

Metrolina Greenhouses finalized the purchase of the assets of Stacy's Greenhouses on Aug. 30. Metrolina's transition team, led by chief financial officer Mike Colitti, has already begun the process of transferring employees. In October, Metrolina plans to share its longer-term plans for the business.

Metrolina Greenhouses finalized the purchase of the assets of Stacy's Greenhouses on Aug. 30.  

The company released a statement saying, "We are looking forward to having the Stacy's team transfer over to the Metrolina family of companies, and our goal is to have a role for each qualified employee in the new organization. Our goal is to keep the same, combined staff size as we have today and fill in gaps as needed.  We will continue the core business operations and staffing at all the growing locations in North and South Carolina.  We will invest capital in the business to get it growing again. We will innovate both the processes at Stacy's and the product offerings from Stacy's. We will learn from Stacy's and apply it to the current business we have. We will respect each individual and their contribution in the process.  These are fundamental principles we will honor during this transition period."

"By making the business grow again, we will be able to honor and extend the business legacy of Mr. Stacy as he and our founder, Tom VanWingerden, were both pioneers in this industry who worked together on many projects over the years.  Our goal is to follow in those footsteps and make both companies stronger in the future."

Metrolina's transition team, led by chief financial officer Mike Colitti, has already begun the process of transferring employees. In October, Metrolina plans to share its longer-term plans for the business. The release stated that the company's main goal in the first 10 weeks is to get the employees taken care of, to execute the fall business, and to get spring business produced as we begin the process of growing the company again.

Abe VanWingerden, co-CEO of Metrolina Greenhouses, added "We are happy this part of the process is now complete......but is not the end of the Stacy's story......it is merely an exciting, new chapter.   As part of Metrolina's continuing expansion, the asset acquisition of Stacy's improves our business growth as we continue with our 2025 long-term plans.   Stacy's perennial business is a natural addition to our current product lineup as we continue to provide new and innovative solutions and concepts for our retail partners to drive business growth."

For more information, visit Metrolinagreenhouses.com
 

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