date:Dec 27, 2012
US-based Terra Tech, a producer of sustainable agricultural products, has entered into an agreement to acquire NB Plants, a New Jersey-based sustainable hydroponic farm spread across 116 acres.
Through this acquisition, Terra Tech plans to enter a $20bn worth fresh produce market. USDA said recently that the country's trade deficit in fresh produce was $6.2bn in 2011, which will grow to $10.7bn by 2021.
The acquisition, which will also include the Edible Garden brand, is expected to increase t