People & Business :: M&A
Sun Gro Acquires Syngenta's Fafard Lawn and Garden Business
8:40 AM MDT | June 11, 2012 | Lindsay Frost
Syngenta announced that it has sold its Fafard lawn and garden business to Sun Gro Horticulture. Sun Gro will acquire all of Fafard’s U.S. and Canadian assets, including employees and production plants. Financial terms of the transaction were not disclosed. Fafard had sales of $88 million in 2011, according to Syngenta. “Our strategy is to deliver innovative solutions that make flowers easy and rewarding to grow for professional horticulturalists and for end consumers,” says Robert Berendes, head of business development,Syngenta. “We will...
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