Hydrofarm Completes Sale of Aurora Peat Products and Launches Project Agility to Scale Its Logistics Services Platform
Hydrofarm completed the sale of its Aurora Peat Products subsidiary to Raven Holdings LLC for total consideration of $16 million, which includes a $5 million promissory note. The company intends to use the sale proceeds to reduce its outstanding term loan debt and eliminate capital spending associated with peat harvesting assets, while maintaining a supply relationship with the new owners.
Key figures
- Deal Value Usd
- 16000000
- Promissory note amount
- 5000000
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