Four bidders will divide the assets of Pike Family Nurseries, the Atlanta Journal-Constitution reported. The company went on the auction block last Tuesday. A bankruptcy judge still has to approve the deal.
California-based Armstrong Garden Centers bid nearly $5.2 million for a Pike store in Charlotte, N.C., the right to use the ‘Pike Nursery’ name, plus other retail locations and inventory assets. Geo. Schofield Co. bid $1.2 million for one store and the hardscape inventory of two other stores. Skinner Nurseries bid $1 million for the inventory of two stores. Gary Pike, son of store founder William “Pete” Pike, bid $490,000 for the assets of two Pike stores.
-- Sarah
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