Scotts Miracle-Gro Sells Off International Operations To Focus On Core Business - And 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.

Read more at The Cannabist.

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