As part of the acquisition agreement, Griffin will distribute and broker Syngenta Flowers genetics in the U.S.
GREENSBORO, N.C. -- Syngenta and Griffin Greenhouse Supplies (“Griffin”) announced today that Griffin has acquired Syngenta Horticultural Services (“SHS”).
Headquartered in Lisle, Ill., SHS is a leading distributor and broker of seeds, cuttings and young plants to growers across the United States. Headquartered in Tewksbury, Mass., Griffin is a leading provider of greenhouse and nursery supplies in the Northeast and Mid-Atlantic region.
Under terms of the agreement, Griffin acquired the SHS business, including distribution and brokerage capabilities and assets affiliated with the Lisle, Ill., headquarters and Downers Grove, Ill., facility. Employees housed at both sites transferred to Griffin at closing. In addition, Griffin signed a long-term agreement to distribute and broker Syngenta Flowers genetics throughout the U.S. With this agreement in place, Syngenta Flowers and Griffin will continue to work closely together to address the horticultural needs of greenhouse and nursery growers.
“We’re very excited that SHS will be able to join forces with Griffin to create one of the industry’s most comprehensive portfolios of greenhouse and nursery solutions offered,” said Tim Kroenke, head of Syngenta Lawn & Garden in North America. “Syngenta remains deeply committed to delivering against our core business strategy in the greenhouse and nursery market. By simplifying and focusing on our core flower genetics and plant protection businesses, Syngenta will be well-positioned to deliver solutions that offer consumers a better plant experience. Ultimately, our goal is to focus on technology, innovation and value creation for our grower and retailer customers. To support this ambition, we will continue to work with industry leaders like Griffin on the development and delivery of cross-category and integrated solutions for the marketplace.”
Craig Hyslip, chief operating officer of Griffin said: “We are excited and proud to have the SHS team now included with the Griffin team. The acquisition of SHS is going to strengthen our team, our offerings and our relationships so we can supply a broader product offering to a larger customer base to meet the growing needs of our customers now and into the future.” Hyslip added, “One of the benefits of this acquisition to growers will be access to a larger resource pool of technical support and industry experts.”
The transaction signed and closed simultaneously on Tuesday, November 13. Financial details of the agreement were not disclosed.