Hydrofarm launches Project Agility to scale logistics services platform - HYFM News | RalliesHydrofarm launches Project Agility to scale logistics services platform
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HYFM• Project Agility launch
- Hydrofarm launched Project Agility to scale its logistics services platform, targeting adjacent growth sectors.
Aurora Peat sale and debt reduction
- Hydrofarm completed the sale of Aurora Peat Products to Raven Holdings for USD 16 million, including a USD 5 million promissory note.
- Proceeds will pay down outstanding Term Loan debt, reducing leverage.
- The divestiture removes capital spending tied to peat harvesting assets, simplifying the operating model.
- Aurora Peat will remain a supplier under a supply agreement; Hydrofarm will continue distributing Aurora Peat consumer gardening products.
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