Agricultural products firm Premier Tech buys Malpec Peat Moss Ltd.

RIVIERE-DU-LOUP, Que. – Agricultural products firm Premier Tech said Wednesday it has bought New Brunswick-based Malpec Peat Moss Ltd. for an undisclosed amount.

Malpec, based in Rexton, will add 52 people to Premier Tech’s employment rolls. The company will be integrated into privately held Premier’s horticulture business unit.

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“The acquisition of Malpec will also support the deployment of various manufacturing and commercial strategies while increasing Premier Tech Horticulture’s strategic reserves of sphagnum peat moss in Eastern Canada,” the company said in a statement.

Premier Tech operates horticulture, agriculture and industrial equipment business groups in 15 countries and has about 2,100 employees worldwide. It produces growing mediums, peat moss, fertilizers and fungicides as well as wastewater-treatment systems, industrial-equipment manufacturing and plastic packaging products.