Miami-based Costa Farms, producers of ornamental plants, announced in a news release the acquisition of Delray Plants in Venus, FL. One of the leaders in the indoor houseplant industry, Delray Plants was recently recognized as the 14th-largest grower in the United States.
“Costa Farms has long admired Delray Plants and its contributions to our industry,” said Jose Smith, chief executive officer at Costa Farms, in the release. “We are committed to the growth of our team and industry.”
Randy Gilde, chief executive officer at Delray Plants, agreed with Smith. “The hardworking team at Costa Farms is committed to the same values and principles that guided the Koornneef and Gilde families for almost 50 years,” said Gilde in the release. “Their goal is our goal — to bring the best foliage and newest varieties to market, educate the consumer, and grow a sustainable product. We can’t imagine a better company to help move our legacy forward.”
Smith added that the acquisition of Delray’s diversified product line would add “significant synergies” to its growing organization. The company is expanding its reach in the indoor houseplant category at a time when consumers are buying more potted plants and green walls are becoming a part of home décor. Just three years ago, Costa Farms acquired the Hermann Engelmann Greenhouses in Apopka, FL.
“We are working tirelessly to recruit the next generation of consumers through education and innovations that will help consumers succeed with our products,” said Smith.