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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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