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Announced

Hydrofarm to acquire Greenstar Plant Products for $83m.

Financials

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Transaction Value£59m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Single Bidder

Farming Fishing Ranching and Plantations

Majority

Canada

Private

Acquisition

plant nutrients

Pending

Friendly

Synopsis

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Hydrofarm, a distributor and manufacturer of hydroponics equipment and supplies for controlled environment agriculture, agreed to acquire Greenstar Plant Products, a Canadian nutrient company, for $83m. "With a long relationship that has grown organically over the years, the addition of Greenstar to the Hydrofarm family feels like a natural next step in our efforts to broaden our company’s footprint and strengthen our product portfolio," Bill Toler, Hydrofarm Chairman and CEO.

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