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Pike Nursery Files for Bankruptcy
ATLANTA (AP) Pike Nursery Holding LLC says it has filed for bankruptcy in federal court because of the region's severe drought and water restrictions.

Officials from the Norcross, Ga.-based company say normal nursery operations and customer service will continue without being disrupted.

The company has secured $11.75 million in financing to help it operate during bankruptcy.

Pike Nursery chairman and CEO Scott Schnell says the extended drought and resulting water restrictions have had a material detrimental effect on business.

The retailer has 22 locations in Georgia, North Carolina and Alabama.

(Copyright 2007 by The Associated Press. All Rights Reserved.)

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