Hydrofarm Completes Sale of Aurora Peat Products and Launches Project Agility to Scale Its Logistics Services Platform
Hydrofarm completed the sale of Aurora Peat Products to Raven Holdings LLC for $16 million, partially funded by a $5 million promissory note. The company also launched Project Agility to scale its logistics services platform.
Why it matters — This divestiture and the new Project Agility initiative signal a strategic shift for Hydrofarm as it moves to streamline its asset base and expand its logistics service operations.