Hydrofarm completes sale of Aurora Peat Products to Raven Holdings for USD 16 million
HYFM•Hydrofarm completes sale of Aurora Peat Products
- Hydrofarm completed the sale of Aurora Peat Products to Raven Holdings for total consideration of USD 16 million, including a USD 5 million promissory note.
- Proceeds are slated to reduce outstanding Term Loan debt, cutting ongoing capital spending tied to peat harvesting assets.
- Aurora Peat will remain a supplier to Hydrofarm’s grow media business under a supply agreement.
- Hydrofarm will continue distributing Aurora Peat’s consumer gardening products under the same arrangement.
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