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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 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 ]
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.
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.
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]
Miracle moved into the new facility in 1963. Miracle pioneered the use of fiberglass for slides and canopies which helped to differentiate its products from the competition; this allowed Miracle more colorful components. Miracle was the first playground manufacturer to use powder coating of steel parts in the late 1960s.
The company is based in Minneapolis, Minnesota. Winmark was founded in 1988 as Play It Again Sports Franchise Corporation by Ron Olson and Jeffrey Dahlberg after they purchased the Play It Again Sports franchise rights from Martha Morris. They renamed the company to Grow Biz International Inc. in June 1993. Grow Biz went public in August 1993.
In 2000, the company re-branded to Premium Brands. [3] The company sold its Fletcher's business in 2004. [3] In 2005, it converted to an income trust, but it converted back to a normal corporation in 2009, through a complex deal with Thallion Pharmaceuticals. [4] In its time as an income trust, the company had doubled revenues to $450 million. [4]