Hydrofarm launches Project Agility to scale logistics services platform
Reuters2026/08/03 11:30- Hydrofarm completed the sale of Aurora Peat Products to Raven Holdings for USD 16 million, including a USD 5 million promissory note.
- Proceeds will pay down outstanding Term Loan debt, reducing leverage.
- Divestiture removes capital spending tied to peat harvesting assets, simplifying the operating model.
- Aurora Peat will remain a supplier under a supply agreement; Hydrofarm will continue distributing Aurora Peat consumer gardening products.
- Hydrofarm launched Project Agility to scale its logistics services platform, targeting adjacent growth sectors.
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