William Sinclair buys Growing Success Organics
Lincoln-based garden supplies business William Sinclair Holdings has bought Kent's Growing Success Organics (GSO) from Monro Horticulture. William Sinclair hopes sales of £3m will be generated by GSO in its current financial year.
GSO is said to be the "market leader in specialist, environmentally friendly, garden care products".
Bernard Burns, chief executive of William Sinclair Sinclair Holdings, said: "This acquisition marks the next step in the ongoing expansion of William Sinclair. We continue with our strategy to become the leading company in the horticulture sector and will continue to consider further acquisition targets.
"The acquired business will integrate seamlessly within William Sinclair's operations. We look forward to securing the supply of these premium products to a wider customer base while ensuring levels of customer service remain the best in the industry."
The company says it believes that GSO's margins can be "improved as a result of the significant synergies available within manufacturing, sales, marketing and distribution".
