Teters Floral Acquires Napa Home & Garden Assets

Home Accents Today Staff -- Home Accents Today, 10/10/2011 7:21:43 AM

TETERS FLORAL PRODUCTS, Inc. acquired the assets of Duluth, Ga.-based Napa Home & Garden, Inc., which filed for chapter 11 bankruptcy July 5. Transaction details were finalized on Aug. 4 after the two organizations entered into an agreement for Teters, a permanent floral and decorative accessories provider, to purchase assets related to the core Napa Home & Garden business.
     Napa announced the company would continue taking orders as normal and would keep shipping from its Georgia facility as Napa Home & Garden, a division of Teters Floral. Napa founders Jerry and KC Cunningham will direct Napa operations, and the company will maintain showrooms at the Atlanta, Dallas, Denver, High Point and Los Angeles markets and continue to use its sales force of over 75 independent representatives.
     "My wife KC and I look forward to providing the elegant and tasteful home and garden products our customers have come to expect, only now with the financial and operational support of such a strong owner as Teters," Jerry Cunningham said. "Buyers will now experience a bigger and better Napa Home & Garden."
     "We at Teters have been admirers of the Napa team, product offering and approach to customer service for quite some time," said Mark Johnson, CEO of Teters. "We believe the synergies between Teters and Napa will expand the capabilities of both groups tremendously."