Horticultural growing media supplier, Premier Tech announced that they acquired the assets of Northwoods Organics, an American growing media company based in Minnesota.
This transaction will allow Premier Tech to strengthen its position in the United States through the addition of two peat bogs and a packaging plant for the conditioning of horticultural products.
“This acquisition enables us to increase our manufacturing capacity and continue to secure our strategic North American peat moss access. We will then be able to provide our clients with an even better service,” says Mark Murphy, president, professional business sector, of Premier Tech Growers and Consumers for North America.
“We have always seen external upheavals as opportunities to close transactions that will fuel our organic growth. These solid foundations are driving us in the same direction as we seek to increase our presence in our various markets and improve our support to our clients,” says Jean Bélanger, president and chief executive officer of Premier Tech.
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