GrowGeneration Corp. (GRWG) Acquires Horticultural Rep Group

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GrowGeneration Corp. (NASDAQ: GRWG), the nation’s biggest chain of specialty hydroponic and organic yard facilities, now introduced the acquisition of Horticultural Rep Team (HRG).

“With this acquisition, GrowGen is strengthening its world wide product or service source chain and adding significant distribution of its rising checklist of non-public label solutions,” claimed Michael Salaman, President and co-founder of GrowGen. “Keith Harrington is a person of the most highly regarded executives and one particular of the early innovators of the U.S. contemporary horticultural sector. We are thrilled that he will contribute his multi-decade knowledge to the GrowGen staff.”

“I am hunting forward to working with GrowGen to make out a tri-continent source chain to present establishing markets all-around the entire world a finest-of-breed supply of products and solutions from Asia, Europe, and the United States on a single system.” mentioned Keith Harrington, Founder and President of HRG. “Provided the current speed of consolidation happening in the U.S. industry, I chose to associate with GrowGen for the reason that I believe it at present has the very best administration workforce in the sector and the very best comprehending of the tradition of the sector, which is significant to me. I am excited to help them grow that tradition and their small business at the similar time.” Mr. Harrington has been appointed Senior Vice President of Enterprise Progress at GrowGen.

HRG is a specialty promoting and revenue business of horticultural goods based in Ogden, Utah. HRG signifies hundreds of products SKU’s for GrowGen and other corporations that are well-liked models in the hydroponics market. In addition, HRG has participated in the sourcing of solutions across the horticultural and hydroponics marketplace. HRG will continue on to provide the 800+ retail shoppers it presently expert services. HRG created approximated income of $10 million in 2021 from gross sales agent commissions and distribution action.

Mr. Harrington has been in the lighting and heavy manufacturing market his overall occupation. He commenced a horticultural lighting provide chain in the 1990’s and was also the the greater part operator of a single of the two significant hydroponic distributors at that time, Diamond Yard Provides. Harrington recognized producing and merchandise sourcing workplaces in Xiamen, China in 1995, and he produced numerous of the primary resources of merchandise for the horticultural sector coming out of China, quite a few of which are nevertheless utilized now. More than the final 25 years, he has helped to acquire, manufacture, and distribute several of the environmental/lights controllers and horticultural lighting fixtures that have been offered in the 52 international locations earning up the global hydroponic marketplace.

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