Hydrofarm Sells Aurora Peat Products Division

SHOEMAKERSVILLE, Pa. — Hydrofarm Holdings Group Inc. completed its sale of Aurora Peat Products ULC to Raven Holdings LLC, a private company, for $16 million. Of that, $5 million is a promissory note.

Proceeds will be applied to reduce outstanding term loan debt, and the sale also removes the capital spend of owning and operating peat harvesting assets.

Aurora Peat will continue producing and marketing peat products for the global horticultural market. The company will remain a supplier to Hydrofarm’s grow media business, and Hydrofarm will continue to distribute Aurora Peat’s consumer gardening products.

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