Drought sends Pike Nursery to bankruptcy

Extreme drought in the southeast has swung a punch at a well-known gardening and landscaping retailer. Pike Nursery Holding LLC says it has filed for federal bankruptcy protection. The chairman and CEO of the Norcross-based company, Scott Schnell, says the extended drought and region’s water restrictions have had a material impact on business. The retailer has secured over 11-million dollars in financing to help it operate during backruptcy protection. Pike Nurseries has 22 locations in Georgia, North Carolina and Alabama.