Easy Gardener Files For Chapter 11

Law360, New York (April 20, 2006, 12:00 AM EDT) -- Easy Gardener Products Ltd., a producer of fertilizer and plant food, has filed for Chapter 11 bankruptcy protection due to the rising cost of raw materials, increased freight charges and declining cash during the company’s peak season.

In its petition filed with the U.S. Bankruptcy Court for the District of Delaware, the Texas-based company listed more than $100 million in both assets and debt.

Easy Gardener has entered into an asset purchase agreement with stalking-horse bidder Green Thumb Acquisition Corp., an affiliate of HIG Capital, for...
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