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Solus brings in advisor to look at future options

Published: 7 April 2014
Just days after the news broke that negotiations between Scotts and Solus about joining forces had broken down, Solus has announced that it has engaged business advisory firm Grant Thornton to look at strategic options for the business.
Solus brings in advisor to look at future options
The company has also moved to reassure customers of its stability and to quell rumours that it no longer has stock of Scotts products.

In a statement, ceo Mark Pearson said: "We are in discussion with several trade and financial partners. Clearly, as we are now in peak season, it is important for all parties concerned that we conclude any discussions as quickly as possible.

''I want to thank those long-standing retail partners of Solus who have sent some excellent messages of support. It is great that they are continuing to buy in volume from our Solus own-brand ranges. We are fully stocked and the promotions we are launching now will be backed up by further special offers over the next two weeks.''

Scotts said last week that its distribution agreement with Solus had expired and that its products would now be available from Decco, Stax or Scotts. However, Solus told DIY Week today that rumours that it now had no stock of Scotts products were untrue. Orders are still being taken and there is no problem with short-term stock levels.

Solus' statement also referred to "the cautious approach taken by Solus' third-party suppliers", likely to be a reference to the fact that a lack of trade credit insurance is currently proving problematic for the company. Bayer is understood to have pulled out of supplying Solus today, although other key suppliers including Fiskars, RSPB, Town & Country and Neudorff are still on board.

DIY Week was told that the credit insurance problem was "temporary".

Mr Pearson said in the statement: "We continue to work with our brand partners, with exception of Bayer, to deliver orders as usual to the excellent service levels for which Solus has always been known.''

DIY Week was also assured that Solus "is not in trouble", and that it is working with Grant Thornton to ascertain the future direction of the business. The Solus sales team and reps are now out talking to customers and taking orders to reassure them and deal with questions.

We understand that Scotts told customers that the deal was off while negotiations were still ongoing, despite an agreement not to. Solus thinks that as a result it has itself appeared to be slow to respond to the situation and wants to ensure that customers get the true picture.

Comments

07 April 2014 01:20:00
By Easter Bunny Scotland
In agreement with the other comments. Its lovely seeing the support length and breadth of the UK. Us Scots have kept quiet and allot of us are hoping that it all pans out for Solus, an integral part of allot Garden Centres and it shows now how important Solus are to us all. The ladies at Edinburgh are fantastic and help us out best they can, I've dealt with Alison for many a year and she constantly goes out her way to help. Oor Gary as well, out there still cracking the jokes and being positive. I hope it all works out for us all involved including our long supporting staff, I'm sure it will. Better give Andy at the warehouse a mention, does a great job for us, we are always putting orders in late, (sorry Andy) you know who we are - bacon rolls will still be ready for you. Let's here some positive news soon Solus, sun is shining and our customers are out and about so best get going.
07 April 2014 01:19:00
By Easter Bunny
Solus please just get it sorted soon. Friends stick together in times of trouble. In our business we need Solus and on time deliveries. We don't find other suppliers work as well for us and we buy all the Solus brands. Good luck. We are looking out for some good news soon.
07 April 2014 01:18:00
By Garden Centre independant
Well i have read all these comments and must say
i have been a solus customer for over 15 years and they are a good supplier so i don't understand what all this fuss is about,as far as i know Solus pulled out of the Scott's deal not the other way round SO why isn't anyone asking questions about them ? people get a life !
07 April 2014 01:17:00
By James
I have been in this industry all my working life. The various retailers I have worked for have all been supplied by Solus and before that Gibbs Palmer. It's very sad to see this happening to a company that has served this industry superbly well for so many years. It is even sadder to see their trouble played out in public. None of us can really know what has happened within this company and I am a great believer that their are 2 sides to every story. I for one will be giving Solus space to get back on track, which I sincerely hope they do. Our industry will be a lesser place for us all if Solus doesn't get through this.
07 April 2014 01:16:00
By Geoff
Well said Chris.

07 April 2014 01:15:00
By Chris
With ref to your comments - it is clear who you are !!! - all this washing the Solus dirty linen in public is getting boring.I am surprised you haven't outsourced your comments you have put on here !!! If everybody in the trade wants to get a true reason why Solus are where they are at present you are one of the main reasons why. If anybody was to ask any Solus employee past or present what has gone wrong at Solus your name would be very close to the top of the list. The timescale for this business going down the pan speaks for itself - 2 years !!! There have been big mistakes made at the top. To listening to the wrong people who had ulterior motives, to then trying to sell product online which upset many retailers, to then employing people from outside the trade, who were that arrogant they thought they didn't need to talk with experienced Sales staff. To then letting a certain person run riot with the Solus purse strings and spend money as if it was going out of fashion. To allowing them to employ ex work colleagues, family and family friends. All of them from outside the trade, again at a extortionate cost. To totally change a trade show that was well recognised in the trade that was successful to then claim that their brand event was a success when it generated half the income and cost a lot more than previous trade shows - how is that successful ? To take on staff to give Solus a social media presence !!! Do you not know the average age of a garden centre customer ? Most of who wouldn't know what Facebook was or would ever use it. Created a range of products which have been shunned by the trade and still proclaims that it's a success. To cause the departure of the majority of all the Solus Sales Force because they thought they knew best. Some of these Sales people who had been in the trade over 25 years. Did you realise Solus's Sales Force was once the envy of the Gardening Trade. In your eyes they were incompetent. Surprisingly the majority of them were head hunted by opposition and are now successful. They must of being doing something right. So whilst we are commenting on doing things right. Was you doing things right at your last company ? Was you not required at your last company when they realised what you were about ?
At the end of the day Solus employees past and present and the whole of the garden trade wants Solus to survive. With luck this will happen and save genuine people their jobs, but my friend, please note, you are not required in this trade, never have been and never will. As mentioned above for everybody who reads this, this is a true reflection of what has happened at Solus and as mentioned would be confirmed by the majority of Solus past and present staff and also people out in the trade . Long live Solus !!!
07 April 2014 01:14:00
By GC South east
"Paul" was that not obvious ? Do you not understand rules of entitlement !? Clearly you are not a supporter of the business nor the staff that are attached to it. Maybe if you understand things better and how these type of situations work then you may be able to comment ! Very amateur !
07 April 2014 01:13:00
By Nick Foxall
Again WFSborder doesnt get a mention as a Scotts stockist !!!!!!!!!
07 April 2014 01:12:00
By Undependent GC Owner
Oh dear, what stupidity. Should have had a delivery today but because they couldn't supply Scott's Roundup order fell short of minimum order value, they didn't load (without even asking for some additions). Suicidal if you ask me. Sadly things are only going to get worse of this is how they are going to behave.
07 April 2014 01:11:00
By manufacturer
There is nothing innovative about Solus once a traditional wholesaler who had an inside track on branded innovative product margins and pricing via their wholesaling activities. They simply took it to China changed it a bit and re branded it. They are not specialists in any product ranges just a marketing and distribution company. They have taken many manufacturers innovative ideas, trashed the price and quality. We need a honest truly independent distribution company who can represent the independent manufacturers product ranges fairly. sales reps in Solus only ever went out to sell their own range while the independents paid for the Solus catalogue through inflated charges as we did with trade shows.
07 April 2014 01:10:00
By Give it a break
It's becoming rather ridiculous " Paul ". I think we all know your an ex employee of the business, your comments and the way you put your messages across is very obvious who you are. It's about time you stop posting silly things, this business supported you for many years and really you should move on and stop posting nasty messages which are unhelpful at this time !
07 April 2014 01:09:00
By Indepenent GC Owner
Seriously there are no 'real' alternative
'garden' wholesalers - Decco (in Devon) lost the gardening 'plot' some years ago - visit their Trade Show and you will find few 'gardening' stands - now mainly hardwares like Stax who are a glorified cash & carry. It is all very worrying for us smaller independents who rely on Solus to supply the bulk of our 'shop' items. At the moment we can still find alternative products to sell our customers (often a lot cheaper that the Bayers & Scotts of this world) - lets hope Solus can turn things around and so prove we can live wlthout the so-called 'brand' leaders.
07 April 2014 01:08:00
By Paul
Its interesting that only this morning my Solus depot phoned to advise my Scotts order would not be arriving as Scotts products are no longer coming out of warehouse
07 April 2014 01:07:00
By Rob Adams
Solus are only interested in large accounts. We used to get leisure on one truck, then 5 mins later garden products!! We left them some years ago. Reps not interested at all.
07 April 2014 01:06:00
By laryndrelbur
So professional the Solus staff don't know what's going on. Yeah right!!!
07 April 2014 01:05:00
By Paul
Geoff, whilst we all agree that the industry requires a strong Solus and wholesale base, I believe it had been widely published that Solus pulled out of the deal and not Scott's. Yes Scott's would have been interested in the purchase but possibly to protect their exposure within a failing business.

Solus were a brilliant business, were being the word, unfortunately things have changed and unlikely to return. The news from Bayer further emphasises this.
07 April 2014 01:04:00
By Geoff
Solus are a brilliant company. It shows why Scotts wanted to buy them in the first place.
Scotts then they throw their toys out the pram.
Congratulations to the Solus Management team for staying professional and courteous.
Solus will only come back bigger and stronger.
Well Done Solus.
07 April 2014 01:03:00
By Garden Centres
I strongly agree with the other 2 comments. I'm sure like the majority of Garden Centres UK wide, we are all in support of you and despite all that's went on, Solus are by far the best distributor with some excellent own brands as well. We all hope for some positive news by the end of the week. You can do it ! Forget the other comments on the last page - totally uncalled for ! The main people who you need support from is ourselves ( your CUSTOMER base ) and you certainly have mine and I'm sure many others.
07 April 2014 01:02:00
By Frustrated of the West Midlands
Couldn't agree more, hoping that someone from the industry takes it on and restores order. Having just tried to place orders through an alternative supplier I have come away feeling frustrated and annoyed. The systems, proccess, service and staff at Solus are far superior to any of the alternatives. Fingers crossed for a positve outcome.
07 April 2014 01:01:00
By Garden Centre Owner
I'm sure like other Garden centre owners, we hope you manage to get a sufficient solution sorted soon. There's allot of good people in that business and you are so important to our trade ! We are behind you and let's hope for a good responsible buyer/partner who will take Solus back in to the good times, keeping up the innovation and excellent service.

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