Engineering News

Scotts Changes Name to Scotts Miracle-Gro
Monday Mar 21, 2005

Scotts Co. Renames Itself Scotts Miracle-Gro to Promote One of Its Best-Known Brands

The Scotts Co. changed its name Monday to The Scotts Miracle-Gro Co., saying it would show off one of its best-known brands and help make investors and others more familiar with its full range of lawn care and gardening products.

"We are more clearly defining ourselves as a branded consumer products company to investors and others who may not be as familiar with our industry," said Jim Hagedorn, chairman and chief executive.

The new name comes with a new holding company structure that the company said gives it more flexibility to grow and provides more legal protection for its businesses and brands. Publicly owned Scotts Miracle-Gro will be the parent company of The Scotts Co. LLC.

Shareholders, who approved both changes in January, will get a share-for-share switch to the new company.

Scotts has more than $2 billion in annual sales with brands including Miracle-Gro plant food, Ortho pesticide and Turf Builder fertilizer. It also sells seeds and gardening tools, and markets Roundup herbicide for maker Monsanto Co.

Scotts also owns Smith & Hawken Ltd., which makes garden pottery, tools and outdoor furniture.

The company also said it would build community gardens in cities including Orlando, Fla.; Atlanta; Norfolk, Va.; Long Island, N.Y.; and Columbus, Ohio, about 25 miles southeast of company headquarters.

Shares of Scotts fell 98 cents to close at $70.92 in Monday trading on the New York Stock Exchange, near the high end of a 52-week range of $55.76 to $74.

Source: Associated Press

Engineering News Archive


Applicant Procedures
Job Seekers
Resume Help
Professional Organizations
Engineering Career Information
Engineering Colleges

Recruiters for
Professionals in the Chemical
& Pharmaceutical Industries
We recruit exclusively for Engineers and Operations/Maintenance Management Personnel in the following areas:
Specialty chemicals
Bulk chemicals
Commodity Chemicals
Fine chemicals
Industrial gases
Career Center | FAQs | Privacy
SESI Corporate Headquarters (954)755-3121 ext 109
© Search Enterprises, Inc. All rights reserved.
Industry News Career Center FAQs Submit a Job About Search Enterprises Submit a Resume Candidates Job Opportunities Search Enterprises Home