Nursery Operator Hines Laying Off In Oregon; Second Bankruptcy Stint?
October 11, 2010 | 1 min to read
Irvine-based Hines Horticulture Inc., a seller of plants and shrubs through home improvement stores, is laying off about 100 people in Oregon and said it could seek a second round in bankruptcy court.
The company, which filed for bankruptcy protection in 2008, plans to lay off 96 workers in Forest Grove west of Portland as early as Monday, according to The Oregonian newspaper.
Hines said it was unable to extend a line of credit, necessitating the layoffs at the Oregon nursury. The company also again could seek bankruptcy protection, according to the report.
Two years ago, Hines was bought out of bankruptcy by Black Diamond Capital Management LLC, a hedge fund and private equity firm based in Illinois.
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