NYSE, SMG - Scotts Miracle-Gro Company
The Scotts Miracle-Gro Company, an Ohio corporation (?Scotts Miracle-Gro? and,
together with its subsidiaries, the ?Company?), traces its roots to two
businesses launched by entrepreneurs. In 1868, Civil War veteran O.M. Scott
launched a seed business in Marysville, Ohio, based on the conviction that
?farmers shall have clean, weed-free fields.? Beginning in 1907, the Company
expanded its reach by selling grass seed to consumers and eventually exited the
agricultural market. By 1988 ? both through innovation and acquisition ? the
Company had become a leading marketer of lawn fertilizer, grass seed and growing
media products within the United States.
Separately, Horace Hagedorn and his partner Otto Stern launched Stern?s
Miracle-Gro Products, Inc. in 1951 in New York. Their easy-to-use plant food
quickly revolutionized the gardening category. ...
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