Hydrofarm Enters into Agreement to Acquire House & Garden
FAIRLESS HILLS, Pa., May 24, 2021 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (Hydrofarm) (Nasdaq: HYFM), a leading independent distributor and manufacturer of hydroponics equipment and supplies for controlled environment agriculture (CEA), announced it has entered into an agreement to acquire House & Garden, Inc., Humboldt Wholesale, Inc., Allied Imports & Logistics, Inc., and South Coast Horticultural Supply, Inc. (collectively House & Garden) a Humboldt County, Calif.-based producer of quality nutrients under the House & Garden and Mad Farmer brands.
- FAIRLESS HILLS, Pa., May 24, 2021 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (Hydrofarm) (Nasdaq: HYFM), a leading independent distributor and manufacturer of hydroponics equipment and supplies for controlled environment agriculture (CEA), announced it has entered into an agreement to acquire House & Garden, Inc., Humboldt Wholesale, Inc., Allied Imports & Logistics, Inc., and South Coast Horticultural Supply, Inc. (collectively House & Garden) a Humboldt County, Calif.-based producer of quality nutrients under the House & Garden and Mad Farmer brands.
- We admire Hydrofarms deep roots as a leader in the hydroponics industry, said Steven Muller, founder of House & Garden.
- Hydrofarm expects House & Garden to generate approximately $55 million in net sales across the full calendar year 2021, representing significant growth from the prior year.
- Deloitte Corporate Finance LLC is serving as financial advisor and Dentons LLP is serving as legal advisor to House & Garden.