Harry and David, Jackson & Perkins Catalogs Switch Owners

Share this content:
Bear Creek Corp., which owns the Harry and David catalog, has been sold by Japan's Yamanouchi Pharmaceutical Co. to investment fund Wasserstein & Co. for $260 million.


Bear Creek, Medford, OR, is the largest direct marketer of fruits and food gifts in the United States through its Harry and David subsidiary. Harry and David also has more than 145 retail outlets. Bear Creek also operates Jackson & Perkins, which is the nation's largest mail-order nursery business. Bear Creek had sales of $603 million in March 2003, Yamanouchi said.


Wasserstein focuses primarily on leveraged buyout investments and venture capital investments.


Yamanouchi's three direct seller units of nutritional and household products, Shaklee Corp. and Inobys in the United States and Shaklee Japan KK, also were sold for $310 million to a partnership formed by RJH Industrial Partners, an affiliate of Ripplewood Holdings LLC, and Activated Holdings LLC. Ripplewood acquired Lillian Vernon Corp. last year for $60 million.


Yamanouchi said it sold the four companies so it could concentrate on its core pharmaceutical business.


close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here