GREENSBORO, USA, June 30, 2012: Syngenta and Sun Gro Horticulture Ltd. (“Sun Gro”) announced today that Sun Gro has acquired Conrad Fafard, Inc. (“Fafard”), the Syngenta growing media products business.
Fafard, based in Agawam, Mass., has been producing and distributing growing media solutions to greenhouse growers, retailers and independent garden centers for more than 90 years. Sun Gro, headquartered in Bellevue, Wash., is one of the largest producers of peat moss and peat-based growing media products to the professional plant grower market in North America.
Under terms of the agreement, Sun Gro will acquire all of the assets of Fafard (U.S. and Canada), including its employees and production facilities. The acquisition of Fafard by Sun Gro is expected to create the industry’s most comprehensive portfolio of professional growing media products available in North America.
“Syngenta remains deeply committed to delivering against our core flowers and plant protection business strategy, which includes the development and delivery of new products, cross-category innovation and integrated customer solutions to the greenhouse and nursery markets,” stated Tim Kroenke, head, Syngenta Lawn & Garden North America. “However, to achieve our ambition of making plants easier and more rewarding for consumers, Syngenta is stepping up the focus on its core genetics and plant protection business, and divesting its interest in Fafard. By accelerating innovation further downstream in the value chain, Syngenta will be uniquely positioned to deliver breakthrough solutions that offer consumers a better plant experience.”
Sun Gro CEO John Hill commented, “This is a significant and exciting milestone for Sun Gro. The strong position Fafard has built with professional growers and retail customers alike over the past 90 years makes it an excellent fit with our long-term strategy, our customers, our business and our employees. We look forward to having Fafard join our growing organization, and to continuing to deliver market-leading technologies to our customers throughout North America.”
Financial terms of the transaction were not disclosed.
Syngenta is one of the world’s leading companies with more than 26,000 employees in over 90 countries dedicated to our purpose: Bringing plant potential to life. Through world-class science, global reach and commitment to our customers, we help to increase crop productivity, protect the environment and improve health and quality of life. For more information about us, please go to www.syngenta-us.com.
A trusted brand name for more than 90 years, Fafard is headquartered in Agawam, Mass. The company produces and distributes peat- and bark-based professional mixes, retail potting soils, peat moss and additive fertilizer growing media solutions to enhance the performance of flowers, shrubs and plants in professionally landscaped and consumer environments.
Sun Gro is one of the largest producers of peat in North America and the largest distributor of peat moss and peat-based growing media products to the North American professional plant growers market. Sun Gro sells products primarily to professional greenhouse, nursery and specialty crop growers throughout North America, as well as to golf course developers and landscapers. Based in Bellevue, Wash., Sun Gro has 720 employees and operates 11 bogs and 25 plants across Canada and the U.S.