Grow-Tech LLC., a Maine-based developer and manufacturer of grow plugs and microgreen growing media, is joining the family of businesses of Dümmen Orange. This step reflects the growing importance of scale in the plug business, the opportunity to serve the consolidating young plant growers around the world with innovative products.
Grow-Tech will continue as independent company towards their growing customer base.
“We are very excited to be part of this team,” Edwin Dijkshoorn, managing director of Grow-Tech said. “Dümmen Orange has the broadest offering of starting material in the floricultural market and its ‘Grower Solutions’ business supports growers around the world to become more successful in the greenhouse. We are empowered to drive our growth and lead our expansion. The deal between two private equity owned companies was straight forward recognizing the trend to market consolidation between growers and their suppliers. The valuation was aligned with current market conditions.”
Grow-Tech will benefit from Dümmen Orange's expertise and innovation pipeline and will be better positioned to serve its customers. Dümmen Orange welcomes Grow-Tech's products and market know-how and its up-to date understanding of customer needs, especially in the North American market.
“We are proud to welcome U.S.-based Grow-Tech to our family of businesses,” said Biense Visser, CEO Dümmen Orange. “Dümmen Orange respects and values all existing customer relations and has asked the directors of Grow-Tech to press ahead. Edwin Dijkshoorn will not only continue to guarantee the current level of knowledge and support but he will also provide a stimulus for continuous innovation and expansion of services to customers around the globe."
With the addition of Grow-Tech, Dümmen Orange will further expand its business in the ‘plug’ market where it is already represented with the EU-based activities of Omni Solutions (2010) and Quick Plug (2017).