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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]
According to Forbes, Scotts had invested more than $250 million in the subsidiary by mid 2016. [5] In March 2018, the Hawthorne Gardening Company and The Flowr Corporation (a Canadian Licensed Producer of medical cannabis) announced an R&D partnership, building North America's first dedicated facility for cannabis research and development.
Shares of the lawn care specialist got a boost after a better-than-expected earnings report.
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Scotts LawnService was a subdivision of the Scotts Miracle-Gro Company, an American multinational corporation headquartered in Marysville, Ohio. It was founded with the acquisition of Emerald Green Lawn Care in 1998 and was merged into TruGreen in 2016.
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