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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 ]
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 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 ...
Shares of the lawn care specialist got a boost after a better-than-expected earnings report.
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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 ...
Scotts Miracle-Gro (NYS: SMG) carries $625.3 million of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road.