New Greenhouse Operations Born From Color Star Growers' Bankruptcy

摘要

WHEN Colorado-based Color Star Growers filed Chapter 11 bankruptcy on December 15, 2013, and sold off six locations, there was a silver lining: new businesses were born.Color Star Growers, ranked No. 9 on Greenhouse Grower's 2013 Top 100 list, was owned by the Verbeek family and at its peak reached 5 million square feet of greenhouse space. A producer of annuals, perennials, herbs, veggies and seasonal blooming potted plants, it served Walmart, Lowe's, Kmart and local grocery stores through its many locations.According to the Eastern District of Texas Claims Register, Color Star Growers owed money to more than 30 creditors when the operation claimed bankruptcy. Greenhouse Grower called each location to confirm its sale. Color Spot Nurseries purchased the Sanger, Texas, location. Altman Plants bought the Peyton, Colo., Harrisonville, Mo., and Giddings, Texas, locations. Raindrop Partners, an investment company, bought two operations in Fort Lupton, Colo.