Harvest Power Acquires Coastal Supply
WALTHAM, MASS, September 6, 2011 – Harvest Power, a leader in producing renewable energy, soil and mulch products from organic materials, today announced it has acquired 100% of Coastal Supply Company, Inc, a Delaware-based soil and mulch manufacturer. The transaction integrates Coastal Supply’s leadership position in garden products manufacturing and distribution into Harvest’s existing operations, allowing the combined companies to deliver superior products and performance to customers.
“This acquisition is an integral part of Harvest’s commitment to continue expanding our organics operating system,” said Paul Sellew, CEO of Harvest Power. “Coastal Supply has the leadership, relationships and customer service skills to help us deliver on our vision and have an immediate positive impact on our business.”
Coastal Supply operates a robust, award-winning network of manufacturing facilities for bagged soils, mulches and stone that sells to customers such as Lowe’s and The Home Depot. Each year its products and services support over one million gardens throughout 14 states. Harvest harnesses the full energy, carbon and nutrient potential of organic materials to produce renewable energy and high-quality organic soil and mulch products. Together, Harvest and Coastal Supply will deliver products and services to more communities, building stronger systems of organics recycling, energy generation and soil revitalization.
“Harvest is transforming North America’s relationship with organic materials, and we’re proud to join that effort,” said Coastal Supply Co-President Joe Kollock. Joe Kollock and Steve Liffers will continue to lead Coastal Supply as Co-Presidents. Building upon the trusted and popular Garden Pro product line, Coastal Supply will be renamed Harvest Garden Pro, LLC.
About Harvest Power
Harvest enables communities to produce low-cost renewable energy and high-value products from organic materials. The company harnesses the full potential of organic materials by recycling energy and nutrients through its renewable energy facilities and its production of nutrient-rich soils, mulches and fertilizers. Harvest owns and operates North American facilities in British Columbia, Ontario, California and throughout the Mid-Atlantic states, and has grown rapidly since its founding in 2008. The company was named to the Cleantech 100 (Top Global Cleantech companies), designated “Emerging Company of the Year” by the New England Clean Energy Council and received an SBANE 2011 New England Innovation Award.
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