GrowGeneration Expands In Michigan, Acquires Downriver Hydro

GrowGeneration Corp. (NASDAQ: GRWG) has acquired Michigan-based Downriver Hydroponics.

The deal details weren't disclosed.

The indoor garden supply center in Wayne County was founded in 2011. Its annual revenues amount to roughly $10 million.

The move follows GrowGen's purchase of 55 Hydroponics, a Santa Ana, -based hydroponic and organic fertilizer store, and Aquarius Hydroponics, which is located in New England.

The acquisition of Downriver Hydro brings the operational footprint of the Denver-based company to 53 stores across 12 states.

"We continue to look for best-in-class hydroponics stores in mature and emerging markets, …

Full story available on Benzinga.com

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