80 Acres Farms and Soli Organic Merge to Form a Global Leader in Indoor Agriculture

Strategic Insights -

A decade after its humble beginnings in Cincinnati, 80 Acres Farms has announced a strategic merger with Soli Organic, a national leader in organic agriculture, to form one of the world's largest indoor agriculture companies. The newly formed entity, operating under the 80 Acres Farms name, is projected to generate revenues approaching $200 million in its first year, with a total of 1,400 employees worldwide. This merger brings together the advanced technology and operations of 80 Acres and Soli Organic's proprietary organic growing system, creating a reliable and efficient platform in the industry.

Key Takeaways:

  • The merged company, 80 Acres Farms, will operate under the 80 Acres Farms name and remain headquartered in Hamilton, Ohio.
  • The company is projected to generate revenues approaching $200 million in its first year.
  • The merger brings together the expertise of 80 Acres and Soli Organic, with a combined workforce of 1,400 employees worldwide.
  • The company will utilize Infinite Acres' GroLoop technology and data platform and Soli Organic's proprietary organic growing system to create a reliable and efficient platform in the industry.
  • The merged entity will have a diversified, high-velocity product portfolio, and improved end-to-end supply chain efficiency.
  • The company has a presence in multiple states, including Ohio, Kentucky, Arkansas, Georgia, Texas, and Colorado, with plans for further expansion.
  • Retailers will benefit from the combined company's differentiated products, surety of supply, and compelling story.

Statistics:

  • Projected annual revenue: $200 million
  • Total employees worldwide: 1,400
  • Number of facilities: Multiple locations in Ohio, Kentucky, Arkansas, Georgia, Texas, and Colorado
  • Years since 80 Acres Farms' founding: 10
  • Years since Soli Organic's founding: 36