Phototron Holdings, a technology supplier to the hydroponic growing industry, detailed its consolidation strategy as the company integrates its acquisition of SG Technologies and its pending acquisition of Greners.com, the largest on-line supplier of hydroponic equipment in North America.
Phototron Holdings' acquisition of SG Technologies and the pending acquisition of Greners.com are the first steps in what Phototron Holdings calls a "comprehensive roll-up strategy" to rapidly build shareholder value through acquisition of profitable players in the grow technology and lifestyle space.
SG Technologies' provides LED technology products that Phototron Holdings CEO Sterling Scott says are complimentary and already incorporated into the company's current offering.
"SG Technologies is a leading manufacturer of hi-powered light emitting diode (LED) products for indoor horticulture under the Stealth Grow™ brand. Stealth Grow LEDs represent top-notch technology that we have already integrated into Phototron's own lineup," Scott stated in the press release. "It's a perfect fit for us. Our roll-up strategy is the way we are moving forward into the future. We expect to continue to acquire and integrate more top notch brands into Phototron Holdings, including the impressive operations of Greners.com."
Greners.com sells a comprehensive line of gardening tools, including soils, bulbs, ballasts, climate control equipment, LED grow lights, and hydroponic systems.
For more information visit phototron.com
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