Monrovia to acquire Imperial Nurseries

8/27/2013

Monrovia Nursery Co. is working on a deal to acquire Imperial Nurseries.

As part of the agreement, Monrovia will purchase the inventory and either purchase or lease the other operating assets of Imperial Nurseries. In addition, Monrovia will enter into a lease, with an option to purchase, the Connecticut land Imperial uses for nursery production.

Over the next several weeks, the companies will be finalizing the details of the acquisition, including the integration of the Imperial business into Monrovia's operations.

In a press release from lead executives David Kirby of Monrovia Nurseries and Greg Schaan of Imperial Nurseries, the companies made this statement:

"Our commitment to customer service will remain and we will use the strength of both companies to ensure this transition is transparent and successful for all of you. Monrovia and Imperial share a common focus on producing best quality plants, industry leading customer service, and innovative new introductions. This change will strengthen the sales, production, and distribution capabilities of both companies. Combining our resources will help ensure we remain a preferred supplier to our customers."


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