It’s not often that soil and mulch makes the front page of Xconomy. But this is Harvest Power we’re talking about.
The Waltham, MA-based cleantech company, which has operations in Seattle and Vancouver, BC, said today it has acquired Coastal Supply, a Delaware-based soil and mulch manufacturer. Terms of the deal weren’t disclosed. But Harvest CEO Paul Sellew said in a statement that the acquisition will “have an immediate positive impact on our business.”
Harvest Power started in 2008 and specializes in converting organic waste into soil products and renewable fuel. The company is backed by a number of big investors including Kleiner Perkins Caufield & Byers, Waste Management, DAG Ventures, and Generation Investment Management (which was co-founded by Al Gore). It has raised more than $75 million to date.
Coastal Supply’s big customers include Lowe’s and Home Depot. Joe Kollock and Steve Liffers will stay on as co-presidents of Coastal Supply, which is being renamed Harvest Garden Pro.
Author: Gregory T. Huang
Greg is a veteran journalist who has covered a wide range of science, technology, and business. As former editor in chief, he overaw daily news, features, and events across Xconomy's national network. Before joining Xconomy, he was a features editor at New Scientist magazine, where he edited and wrote articles on physics, technology, and neuroscience. Previously he was senior writer at Technology Review, where he reported on emerging technologies, R&D, and advances in computing, robotics, and applied physics. His writing has also appeared in Wired, Nature, and The Atlantic Monthly’s website. He was named a New York Times professional fellow in 2003.
Greg is the co-author of Guanxi (Simon & Schuster, 2006), about Microsoft in China and the global competition for talent and technology. Before becoming a journalist, he did research at MIT’s Artificial Intelligence Lab. He has published 20 papers in scientific journals and conferences and spoken on innovation at Adobe, Amazon, eBay, Google, HP, Microsoft, Yahoo, and other organizations. He has a Master’s and Ph.D. in electrical engineering and computer science from MIT, and a B.S. in electrical engineering from the University of Illinois, Urbana-Champaign.
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