Premier Tech Announces it Intends to Tender its 25% Stake to the Proposed Take-Over Bid of Sun Gro Horticulture by IKO Enterprises

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Source: Marketwire

RIVIERE-DU-LOUP, QUEBEC -- (Marketwire) -- 03/01/11 -- Premier Tech Ltd. ('Premier Tech') announces that it has decided to tender the 5 459 800 shares of Sun Gro Horticulture Inc. ('Sun Gro') it beneficially owns and controls with its joint actors, representing approximately 25% of the issued and outstanding shares of Sun Gro, to the take-over bid at $6.60 per share announced on January 16, 2011 by IKO Enterprises Ltd. ('IKO').

CORPORATE PROFILE

For over 85 years, Premier Tech has been building its know-how and reputation on the expertise and synergy of its three groups - Horticulture and Agriculture, Industrial Equipment and Environmental Technologies - divided in Business Units. They have the mission to become technological and commercial leaders in their respective industries. Driven by a multidisciplinary team of over 2 000 people located in the Americas, Europe and Asia, Premier Tech focuses on the development of its team members, on Innovation, and on the introduction of value-added products and services to support its long-term growth.

Contacts:
Premier Tech
France Begin Parent
Communications Supervisor
418-867-8883, ext. 6059
418-862-6642 (FAX)
communications@premiertech.com

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