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The Scotts Miracle-Gro Company is an American multinational corporation headquartered in Marysville, Ohio, where O.M. Scott began selling lawn seed in 1868. [2] The company manufactures and sells consumer lawn, garden and pest control products, as well as soilless indoor gardening equipment. [ 3 ]
Miracle-Gro was first created in 1951, and the company that owned the product line merged with Scotts in 1995, according to Scotts. In 2005, the company changed its name to The Scotts Miracle-Gro ...
In 1995, the company merged with Scotts for $200 million in stock, creating the world's largest maker of lawn and garden products, and making Hagedorn the majority investor with 42% of the company and 3 of 11 board seats. [1] [5] Hagedorn's son Jim became CEO and chairman of the merged company. [6] His father retired from Miracle-Gro in 1997. [7]
The private equity firm Clayton, Dubilier & Rice had majority ownership along with company management. [11] Another lawn servicing company, Emerald Green Lawn Service, had been purchased in 1997 by the Scotts Miracle-Gro Company and rebranded in 1998 as Scotts LawnService. In April 2016, Scotts LawnService was merged with TruGreen to operate as ...
The next selection for the Inflation-Protected Income Growth portfolio is yard titan Scotts Miracle-Gro . Perhaps best-known as the official lawn-care company of Major League Baseball, Scotts ...
With six points, Scotts Miracle-Gro looks pretty healthy. But the company's tepid growth figures continue to pose a threat to its long-term prospects. Anyone who has a lawn is probably familiar ...
In 1995, the company merged with Scotts for $200 million in stock, with Hagedorn as the majority investor. The merger created the world's largest maker of lawn and garden products. [1] [5] He retired from Miracle-Gro in 1997. [6] Prior to moving to Sands Point, New York, Hagedorn lived in Flower Hill, New York and Plandome Manor, New York. [7 ...
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