Acquisition provides new
growth opportunities for Company's seed production, sales and
distribution business
The Scotts Miracle-Gro Company
(NYSE: SMG), the world's leading marketer of branded products
for consumer lawn and garden care, has completed the acquisition
of certain brands and assets from
Landmark Seed Company,
a leading producer and distributor of quality professional seed
and turfgrasses.
"Over the last five years,
Landmark Seed and ScottsMiracle-Gro have established a
successful joint venture," said Mark Schwartz, senior vice
president and general manager, grass seed, for
ScottsMiracle-Gro. "We are excited to have such a valued partner
now a part of the ScottsMiracle-Gro family, and look forward to
the new opportunities for growth."
Headquartered in Albany,
Oregon, Landmark Seed is the fastest growing seed and turfgrass
production and marketing company in the Pacific Northwest.
Landmark Seed is recognized in the industry for its innovative
products, customer-driven service and technical knowledge. The
Landmark transaction, along with the recent acquisition of
certain brands and assets of Turf-Seed, Inc., enhances
ScottsMiracle-Gro's position in the global turfgrass seed
industry.
"Both companies share the same
commitment to innovative technology and exceptional customer
service," said Ray Brubakken, president, Landmark Seed. "Our new
partnership will allow us to focus more on the needs of our
customers, while delivering the highest quality turfgrass and
seed varieties in the industry."
Under the agreement, Scotts
acquires certain assets of Landmark Seed, including its brands,
turfgrass varieties and intellectual property. Personnel from
Landmark's Albany, Oregon office, along with the field sales
team, will continue in their present capacities with Scotts.
With more than $2.3 billion
in worldwide sales and more than 6,000 associates, The Scotts
Miracle-Gro Company, through its wholly-owned subsidiary, The
Scotts Company LLC, is the world's largest marketer of branded
consumer products for lawn and garden care, with products for
professional horticulture as well. The Company's brands are the
most recognized in the industry. In the U.S., the Company's
Scotts®, Miracle-Gro® and Ortho® brands are market-leading in
their categories, as is the consumer Roundup® brand, which is
marketed in North America and most of Europe exclusively by
Scotts and owned by Monsanto. The Company also owns Smith &
Hawken, a leading brand of garden-inspired products that
includes pottery, watering equipment, gardening tools, outdoor
furniture and live goods. Additionally, the Company owns Scotts
LawnService, a provider of residential lawn care, and Morning
Song, a leading brand in the wild bird food category. In
Europe, Scotts' brands include Weedol®, Pathclear®, Evergreen®,
Levington®, Miracle-Gro®, KB®, Fertiligene® and Substral®.