Hydrofarm to acquire HEAVY 16 for $78m.

Hydrofarm, a distributor and manufacturer of hydroponics equipment and supplies, agreed to acquire HEAVY 16, a line of premium plant nutrients, for $78m. “As a leading hydroponics company, a key component of our growth strategy is to bring dynamic brands like HEAVY 16 under the Hydrofarm umbrella and continue to solidify our position as the acquirer of choice in this highly fragmented and fast-growing industry. Controlled environment agriculture is in the midst of a revolution and poised to be the most significant new market category to emerge in a generation,” Bill Toler, Hydrofarm Chairman and Chief Executive Officer.