Hydrofarm Acquires Greenstar Plant Products
August 3, 2021
Hydrofarm Holdings Group, Inc. acquired Canadian nutrient manufacturer Greenstar Plant Products, Inc., adding the Grotek and Gaia Green brands to its branded product portfolio. The deal, funded with cash and Hydrofarm's existing credit facility for approximately $83 million U.S., makes Greenstar a wholly owned indirect subsidiary and is expected to be accretive to Hydrofarm's 2021 adjusted EBITDA.
- Buyers
- Hydrofarm Holdings Group, Inc.
- Targets
- Greenstar Plant Products, Inc.
- Industry
- Manufacturing
- Location
- British Columbia, Canada
- Transaction Type
- Buyout
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