Expands GrowGen’s World wide Source Chain and Non-public Label Initiatives
DENVER, Jan. 31, 2022 /PRNewswire/ – GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Corporation”), the nation’s major chain of specialty hydroponic and natural backyard centers, these days introduced the acquisition of Horticultural Rep Team (HRG).
“With this acquisition, GrowGen is strengthening its international product or service provide chain and including important distribution of its expanding checklist of private label products,” mentioned Michael Salaman, President and co-founder of GrowGen. “Keith Harrington is one of the most revered executives and a person of the early innovators of the U.S. modern day horticultural current market. We are energized that he will add his multi-10 years abilities to the GrowGen workforce.”
“I am looking forward to performing with GrowGen to develop out a tri-continent source chain to provide building markets all over the planet a very best-of-breed supply of solutions from Asia, Europe, and the United States on a person system.” said Keith Harrington, Founder and President of HRG. “Specified the latest rate of consolidation happening in the U.S. sector, I chose to lover with GrowGen due to the fact I imagine it presently has the greatest administration group in the field and the finest knowledge of the society of the market, which is vital to me. I am thrilled to assist them expand that culture and their company at the identical time.” Mr. Harrington has been appointed Senior Vice President of Small business Improvement at GrowGen.
HRG is a specialty advertising and gross sales business of horticultural merchandise primarily based in Ogden, Utah. HRG represents hundreds of merchandise SKU’s for GrowGen and other companies that are well-liked manufacturers in the hydroponics marketplace. In addition, HRG has participated in the sourcing of solutions throughout the horticultural and hydroponics industry. HRG will proceed to supply the 800+ retail customers it currently providers. HRG produced believed revenue of $10 million in 2021 from product sales agent commissions and distribution activity.
Mr. Harrington has been in the lights and major manufacturing industry his complete vocation. He commenced a horticultural lights provide chain in the 1990’s and was also the vast majority owner of a single of the two key hydroponic distributors at that time, Diamond Back garden Provides. Harrington recognized producing and item sourcing places of work in Xiamen, China in 1995, and he developed several of the original sources of products for the horticultural industry coming out of China, several of which are still utilized today. In excess of the very last 25 decades, he has assisted to produce, manufacture, and distribute quite a few of the environmental/lighting controllers and horticultural lighting fixtures that have been offered in the 52 countries generating up the worldwide hydroponic industry.
About GrowGeneration Corp:
GrowGeneration owns and operates specialty retail hydroponic and natural and organic gardening outlets. At present, GrowGeneration has 63 shops, which contain 23 destinations in California, 8 spots in Colorado, 7 places in Michigan, 5 places in Maine, 6 locations in Oklahoma, 4 areas in Oregon, 3 destinations in Washington, 2 areas in Nevada, 1 site in Arizona, 1 area in Rhode Island,1 area in Florida, 1 locale in Massachusetts and 1 spot in New Mexico.
GrowGeneration also operates an on-line superstore for cultivators at growgeneration.com and B2B e-commerce platform, agron.io. and a leading maker of indoor vertical racking techniques. GrowGeneration carries and sells countless numbers of merchandise, like natural nutrition and soils, advanced lights technological innovation and state of the art hydroponic machines to be applied indoors and outside by business and residence growers.
Clay Crumbliss, CFA