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Florida manufacturer Anuvia gets VC to expand operations at fertilizer facility
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AgTech Start-up Delivers up to 32% Reduction of Greenhouse Gases, Helping Ag and Food Industry to Reach Scope 3 Sustainability Targets
Anuvia™ Plant Nutrients today announced it has raised $103 million in Series C funding, co-led by TPG ART and Pontifax Global Food and Agriculture Technology Fund (Pontifax AgTech), with additional investment from Generate and Piva Capital.
Anuvia will use the financing to increase the production capacity and expand commercialization of its innovative nutrient delivery technology, as commercial agriculture continues its transformation into more sustainable and profitable practices. Anuvia s SymTRX™ is already in commercial use on U.S. farms, with use expected to increase to reach 20 million acres by 2025.
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Central Garden & Pet (NASDAQ: CENT, CENTA), a Walnut Creek, California-based market leader in the Garden and Pet industries, is to acquire
Green Garden Products, previously known as Plantation Products, for $532m from private equity firm Freeman Spogli & Co and other shareholders.
The transaction is expected to close in the second quarter of fiscal 2021, subject to customary closing conditions, including regulatory approval.
The addition of Green Garden’s brands will expand the Central portfolio into an adjacent category and strengthen the company’s relationship with major retailers.
Led by Michael Pietrasiewicz, President and CEO, and headquartered in Norton, Mass., Green Garden Products is a provider of vegetable, herb and flower seed packets, seed starters and plant nutrients in North America, shipping over 250 million seed packets annually. The company’s portfolio of brands includes Ferry-Morse® Home Gardening, Jiffy® Seed Starting, SUPERthrive® Plant Nutrients, L