In This Issue
Town & Country is sold to EP Barrus
La Hacienda sold to US company looking to expand in the UK
Garden retailers sign up to industry Xylella statement
Haskins and Squires reign supreme in South Thames
Webbs and Fairways star in Midlands GCA Awards
On trend Garden Screens from Grange
Sunshine and Perrywood glow in North Thames
Time for a summer celebration?
Rising Stars 2017 - The final 12
Suppliers sign up for Retail Lab @ Glee
Team Bonningtons Conquers the Alps
‘Anniversary Splendour’ is winning name for new Notcutts rose
Glee 2017: keynote speaker confirmed as award-winning garden journalist Nick Bailey
Woodlodge to skydive for Greenfingers!
Hartley Botanic reveals new Octagonal Glasshouse at RHS Hyde Hall
Nematodes are so easy to use, all it takes is a good watering!
Fryer’s come up Roses at 2017 RHS Shows
Get your own copy of GTN Xtra
Concept store becomes EFSA TrendZone at spoga+gafa
Growing support sales
Andy Smith becomes Group Head of Purchasing at Klondyke
Primary School scoops Wilkinson Sword Award
Taylors grab 50% of Veg 2 Gro sales
Wyevale Nurseries’ staff join 30 years’ service club
Summer colour and houseplants up
Xylella fastidiosa - a threat to the U.K. Horticulture industry
Garden improvement grows soils
Hillmount BBQ Academy teaches the next generation of customers
New senior leadership at the Coleman EMEA Group
It’s the year of pets at Glee 2017
Bestsellers Top 50 charts every week
Buy your subscription to GTN Bestsellers
Fryers respond to standards issue in Rosary Restaurant
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La Hacienda sold to US company looking to expand in the UK


La Hacienda is bought by a US company for $11 million.  John, Simon, Caroline and Maria Goodwin remain at the helm of the business.

As of yesterday, 31st July 2017, La Hacienda Ltd became part of Griffon Corporation (NYSE: GFF), a US public company with approximately USD $2 billion of annual revenue. Griffon is a diversified management and holding company and operates in three market sectors: Home and Building Products, Telephonics Corporation and Clopay Plastic Products.

 

La Hacienda will form part of The AMES Companies, which is in turn part of Griffon’s Home and Building Products segment. AMES is the largest supplier of non-powered landscaping products in the USA, Canada and Australasia. The broad range includes long handled garden tools, wheelbarrows, snow tools, striking tools, pruning tools, garden hoses, planters and lawn accessories. Ames (www.ames.com) has a long history dating back to 1774 and in recent years expanded into Australia via Northcote Pottery, Cyclone and Hills. AMES has been looking for an opportunity to enter the UK market and have selected La Hacienda Ltd to work with.

 

Also forming part of The AMES Companies is one of America’s largest pot and planter suppliers, Southern Patio (www.planter.com). Southern Patio sources and distributes a wide range of pots and planters to many home retailers within the USA including Walmart, Home Depot, Lowes and Costco. Southern Patio is particularly strong in developing lightweight pottery made from fiberglass, resin and stonecast.

 

La Hacienda Ltd considers this a terrific development for our business, and has great confidence that the many employees, customers and suppliers will benefit from the new ownership structure. As part of the global AMES team, we will be well positioned to serve customers via a stronger supply chain and a broader product range.

 

The La Hacienda owners, John, Simon, Caroline and Maria Goodwin remain at the helm of the business, along with the wider management team, and confirm it will be ‘business as usual’ as a result of the new ownership.

Simon Goodwin told GTN Xtra: "We wish to thank all of our amazing customers for their support and loyalty over the last 28 years. There are exciting times ahead as the La Hacienda brand will go from strength to strength with the backing of a major global player. We very much look forward to introducing new products, brands and ranges for the benefit of all of our customers."

Griffon Corporation announced on it's website:  "Its subsidiary, The Ames Companies, Inc., acquired La Hacienda Limited, a leading United Kingdom outdoor living brand of unique heating and garden décor products. The acquisition broadens AMES’ global outdoor living and lawn and garden business, and supports AMES’ UK expansion strategy.

"The purchase price for La Hacienda approximated $11 million. The acquisition is expected to contribute approximately $18 million in annualized revenue and be immediately accretive to Griffon’s earnings in its first full year of operations."


www.griffon.com

www.lahacienda.co.uk

www.ames.com

 

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