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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 product is marketed to consumers by Scotts Miracle-Gro Company. [4] In the late-2010s other non-glyphosate containing herbicides were also sold under the Roundup brand. [5] [6] Monsanto patented the herbicidal use of glyphosate and derivatives in 1971. [7] Commercial sale and usage in significant quantities started in 1974. [8]
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 ]
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Scotts LawnService was founded in 1998, with the acquisition of Emerald Green Lawn Care. It was a division of the Scotts Miracle-Gro Company, and provided lawn, tree, and shrub care and pest control. In April 2016 TruGreen announced that it had merged with Scotts LawnService.
We're adding a new, promising performer to our model portfolio -- snack food giant Mondelez International (MDLZ), explains Mike Larson, editor of Weiss ratings' Safe Money Report.
Miracle-Gro, a water-soluble fertilizer, was developed after Hagedorn met nurseryman Otto Stern and learned of Stern's troubles shipping plants in 1944. [1] [2] [3] The pair hired O. Wesley Davidson, a Rutgers University professor to develop the fertilizer. [1] Hagedorn used royalties from producing a crime-drama "The Big Story" to fund the ...
Highly pure fertilizers are widely available and perhaps best known as the highly water-soluble fertilizers containing blue dyes used around households, such as Miracle-Gro. These highly water-soluble fertilizers are used in the plant nursery business and are available in larger packages at significantly less cost than retail quantities.
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