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GENERAL HOST CORPORATION COMPLETES ACQUISITION OF 49.5 PERCENT OF SUNBELT NURSERY GROUP'S STOCK

 FORT WORTH, Texas, April 29 /PRNewswire/ -- General Host Corporation (NYSE: GH) today announced it has completed its acquisition of Pier 1 Imports, Inc.'s (NYSE: PIR) 49.5 percent share of Sunbelt Nursery Group, Inc.'s common stock (ASE: SBN).
 General Host exchanged 1.94 million shares of its common stock for Pier 1 Import's 4.2 million shares of Sunbelt Nursery Group.
 Sunbelt will remain a publicly traded company listed on the American Stock Exchange and will continue to operate under its existing trade names of Wolfe Nursery in Texas and Oklahoma, Tip Top Nurseries in Arizona and Nurseryland Garden Centers in California.
 General Host Corporation operates 288 Frank's Nursery & Crafts stores in 17 states, the nation's largest chain of specialty retail stores devoted to the sale of lawn and garden products, crafts and Christmas merchandise.
 Sunbelt Nursery Group, Inc. is the leading specialty nursery retailer in six major metropolitan areas in Texas, Arizona and California with 105 stores that feature nursery stock and lawn and garden products.
 -0- 4/29/93
 /CONTACT: Robert L. Broadhead or Mark L. Jones of Sunbelt Nursery Group, 817-738-8111/
 (GH SBN)


CO: General Host Corp.; Sunbelt Nursery Group, Inc. ST: Texas IN: REA SU: TNM

CK -- NY041 -- 2570 04/29/93 10:42 EDT
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Publication:PR Newswire
Date:Apr 29, 1993
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