Costa Farms acquires Delray Plants

MIAMI, Fla. - Costa Farms announced today the acquisition of fellow Florida grower Delray Plants.

Founded in 1968 by Jake Koornneef, the Koornneef and Gilde families and the Delray team have built a rich legacy reflected in the company’s high-quality products and state-of-the-art production facilities. The company is known for indoor houseplants, foliage and tropicals.

Jose Smith, CEO of Costa Farms, says the acquisition is a unique opportunity. “Costa Farms has long admired Delray Plants and its contributions to our industry.” 

RELATED: Delray Plants' consumer research inspires TPIE booth [video]

Smith says Delray has a diversified product line which adds significant synergies to its growing organization.

“We are committed to the growth of our team and industry,” Smith said.

Three years ago, Costa Farms acquired the Hermann Engelmann Greenhouses and has taken the sales of Exotic Angel plants to new heights. Randy Gilde, CEO of Delray Plants, agrees with Costa Farms.

“The hard working team at Costa Farms is committed to the same values and principles that guided the Koornneef and Gilde families for almost 50 years," he said. "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,” Gilde said.

Costa Farms is expanding its reach in the indoor houseplant category at a time when consumers are getting closer to nature and potted plants and green walls are becoming a greater part of home décor.

RELATED: Costa Farms wins International Grower of the Year award

“We are working tirelessly to recruit the next generation of consumers through education and innovations that will help consumers succeed with our products,” added Smith.

Watch for more updates on this acquisition as we learn more.