Announced
Financials
Sources
Tags
Fertilizers
hydroponic products
Friendly
Domestic
Single Bidder
Pending
Acquisition
Private
United States
Majority
Synopsis
Hydrofarm, an independent distributor and manufacturer of hydroponics equipment and supplies for controlled environment agriculture, agreed to acquire Aurora Innovations, a Eugene, Oregon-based manufacturer and supplier of organic hydroponic products, for $161m. "We are pleased to welcome Aurora into our portfolio of quality brands, as our momentum continues to build on the acquisitions front. Aurora has blazed trails for earth-friendly growers, and their Roots Organics line is very popular – a standout for its focus on microbe stimulants. Aurora’s pioneering R&D lab work in plant nutrition over the past 10-plus years has led to the development of innovative products that improve yields for growers, while simultaneously advancing science in a meaningful way," Bill Toler, Hydrofarm Chairman and CEO.
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