Bolivar botany buyout finalizes

Bolivar-based floral and decorative accessories company Teters Floral Products Inc. closed Aug. 4 on the acquisition of Napa Home & Garden Inc., a Duluth, Ga.-based company that sells indoor and outdoor decorative products.

Financial terms were undisclosed.

“We at Teters have been admirers of the Napa team, product offering, and approach to customer service for quite some time,” Teters CEO Mark Johnson said in a news release. “We believe the synergies between Teters and Napa will expand the capabilities of both groups tremendously.”

With the purchase, Napa will continue to take orders from its Duluth facility, now as Napa Home & Garden, a division of Teters Floral. Napa will continue to use its sales force of more than 75 independent representatives, the release said.

“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,” Napa co-founder Jerry Cunningham said in the release.

Napa sells products such as ceramics, glassware, garden decor and outdoor planters to retailers in the home decor, furniture, and floral and garden center arenas.

Teters Floral Products, founded in 1957, distributes wares to more than 10,000 customers annually. The company employs about 225 people worldwide, with showrooms in Atlanta, Ga., and Hong Kong, and warehousing and distribution space in Louisville, Miss., and Bolivar.[[In-content Ad]]