October 3, 2007

News From Florida’s Peat Producers

Canadian peat giant Sun Gro Horticulture has purchased Grow Best Holdings in Orlando, Fla., which owns Potting Soils Inc. and Sunshine Peat Inc. In separate news, C&C Peat Co. of Clermont, Fla., is operating a brand new facility. Based in Vancouver, Sun Gro Horticulture Income Fund paid $22.4 million in cash and trust units for Grow Best Holdings, the company’s fourth acquisition this year. Sun Gro is North America’s largest producer of sphagnum peat and the biggest distributor of peat moss and bark-based growing media. Earlier acquisitions include Sun-Up Horticulture and Kellogg-Rich Grow in California and Quebec peat moss producer Tourbiere Omer Belanger. Mitch Weaver, CEO of Sun Gro Horticulture Canada told the Toronto Star the acquisition will solidify Sun Gro’s leadership in the large and growing Florida horticultural market, as well as it’s position in the Southeastern United States. “With our acquisitions in California earlier this year, we will […]

Read More
[gravityform id="35" title="false" description="false"]