Scotts Miracle-Gro sells international biz interests to focus on hydroponics

Scotts Miracle-Gro has shed its Australia and European businesses in a deal that frees up the company to direct its attention on lawn-and-garden products and an ambition to become “the world’s most successful hydroponic gardening business.”

The Marysville, Ohio-based Scotts Miracle-Gro Co. on Thursday completed the previously announced sale of its overseas operations to Exponent Private Equity LLP. The $250 million deal includes operations in Australia, Austria, Belgium, France, Germany, Poland and the United Kingdom, leaving Scotts in a position where close to 100 percent of its sales and profits would come from North America, officials have said.

The sale to Exponent and a previous divestiture of Scotts LawnService allows Scotts to dedicate its money and attention to its long-established core business and its high-flying venture into hydroponics. Scotts has spent hundreds of millions of dollars plucking up sector leaders and folding them into subsidiary Hawthorne…

Continue reading at

About The Cannabist

Leave a Reply

Your email address will not be published. Required fields are marked *