June 12, Basel, Switzerland — Syngenta has announced that Sun Gro
Horticulture Ltd., a leading North American producer of growing media,
has signed an agreement to acquire the Conrad Fafard peat unit of Syngenta's
Lawn and Garden business.
June 12, Basel, Switzerland — Syngenta has announced that Sun Gro Horticulture Ltd., a leading North American producer of growing media, has signed an agreement to acquire the Conrad Fafard peat unit of Syngenta's Lawn and Garden business.
Under the terms of the agreement, Sun Gro will acquire all Fafard's U.S. and Canadian assets, including employees and production plants.
"Our strategy is to deliver innovative solutions that make flowers easy and rewarding to grow for professional horticulturalists and for end consumers," said Robert Berendes, Head of Business Development.
"We will collaborate with Sun Gro, both commercially and in R&D, to include growing media in our integrated offers."
Expansion of these offers will be driven by our leading portfolio of genetics and chemical controls."
Fafard had sales of $88 million in 2011.
Financial terms of the transaction were not disclosed.
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