Jackson & Perkins sold to private investors

Harry & David Holdings Inc. plans to sell its Jackson & Perkins subsidiary for $49 million, according to a statement issued Monday.

An investment group led by Donald and Glenda Hachenberger will acquire the direct marketing and wholesale business along with the J & P brand, catalog, Web site and inventory. The Hachenbergers own several other horticulture businesses, including Southern Sun, a technology company involved in plant propagation.

A separate private investment group will purchase approximately 3,200 acres in Wasco, Calif. as part of the Jackson & Perkins sale. Bill Williams, president and CEO of Harry & David Holdings, said the divesture will allow the company to focus on its core gift and gourmet food businesses.

-- Sarah