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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]
In 1963, he became the company's first full time salesman. [2] 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]
Scotts Miracle-Gro (NYS: SMG) carries $649.7 million of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road.
There's no foolproof way to know the future for Scotts Miracle-Gro (NYS: SMG) or any other company. However, certain clues may help you see potential stumbles before they happen -- and before your ...
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Hawthorne Gardening Company, formed in October 2014, [1] is The Scotts Miracle-Gro Company ' s subsidiary for cannabis growers and one of the first major investments by a major United States corporation in the cannabis industry.
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