The Scotts Miracle-Gro Company
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| Type | Public (NYSE: SMG) |
|---|---|
| Industry | Manufacturing |
| Founded | 1868 |
| Headquarters | Marysville, Ohio, U.S. |
| Key people | O.M. Scott, Founder James Hagedorn, CEO, and Chairman of the Board Barry Sanders, president |
| Products | Products for lawn and garden care |
| Revenue |  $2.84 Billion USD (2011)[1] |
| Net income | $167 Million USD (2011)[1] |
| Employees | 8,000+ [2] |
| Website | www.thescottsmiraclegrocompany.com |
The Scotts Miracle-Gro Company (NYSE: SMG) is an American multinational corporation headquartered in Marysville, Ohio.
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[edit] Overview
Scotts Miracle-Gro Company manufactures branded consumer products for lawn and garden care, and also provides products for professional horticulture. The company reported $2.8 billion in worldwide sales in FY 11 (Sept.)
[edit] History
Scotts was founded in 1868 by Orlando Scott as a premium seed company for the U.S. agricultural industry. In the early 1900s, the company began a lawn grass seed business for homeowners. Scotts merged with Miracle-Gro, a gardening company, in 1995 to create the Scotts Miracle-Gro Company.[3]
On January 27, 2012, Scotts Miracle-Gro agreed to plead guilty in federal court and pay $4.5 million in fines for selling 73 million units of bird seed coated with pesticide known to be deadly to birds and fish between November 2005 and March 2008. Pesticides were added to protect the product from insects during storage despite the fact that Storcide II, one of the pesticides used, was clearly marked as extremely toxic to birds. Records show that its own experts warned of the risk in the summer and fall of 2007 and yet Scotts continued to sell this deadly product until March 2008. In 2008, Scotts Miracle-Gro also falsified pesticide registration numbers required by the U.S. Environmental Protection Agency on its products. [4]
[edit] Mergers and acquisitions
- 1995: Scotts merged with Sterns Miracle-Gro Products, Inc. Horace Hagedorn (1916–2005) and his partner Otto Stern founded the Miracle-Gro organization in 1951, with the slogan "you don't have to be an expert to create a beautiful garden."[5]
- 1999: Scotts acquires the Ortho and Roundup brand from Monsanto Chevron.
- 2002: Scotts LawnService acquires The Lawn Company, a major lawn care service company in the Boston area.[6]
- 2002: Scotts LawnService acquires substantially all of the lawn care operations of Centex HomeTeam Services, a division of Centex Corporation.[7]
- 2004: Scotts acquires Smith & Hawken, Ltd., a brand in the outdoor living and garden lifestyle category.[8]
- 2005: Scotts acquires the Rod McLellan Company, a provider of soil and landscape products in the western U.S.[9]
- 2005: Scotts acquires Gutwein & Co. Inc., whose Morning Song brand is a part of the growing wild bird food category.[10]
- 2006: Scotts acquires certain brands and assets from Turf-Seed, Inc., a producer of commercial turfgrasses for more than 35 years.
- 2006: Scotts acquires certain brands and assets from Landmark Seed Company, a producer and distributor of professional seed and turfgrasses.
[edit] Brands
- Scotts
- Miracle-Gro
- Osmocote
- Ortho
- Scotts Lawn Service
- Round-up (exclusive distribution agreement)
- Fertiligène
- Evergreen
- Substral
- EcoSense
- Celaflor
- Nexalotte
- KB
- Scotts Wild Bird Seed
- Morning Song Selection
[edit] Board of directors
Current (2012) members of the board of directors of Scotts Miracle-Gro Company are:
Director
Director
Director (Chairman)
Director
Director
Director
Director
- Carl F. Kohrt, Ph.D (Lead Independent Director)
Director
Director
Director
Director
Director
[edit] Company officers
- Jim Hagedorn
Chairman & Chief Executive Officer
- Barry Sanders
President and Chief Operating Officer
- Vince Brockman
Executive Vice President & General Counsel, Corporate Secretary and Chief Ethics & Compliance Officer
- Dave Evans
Chief Financial Officer & Executive Vice President, Strategy and Business Development
- Jim Lyski
Executive Vice President, Chief Marketing Officer
- Denise Stump
Executive Vice President, Global Human Resources
- Chris Allen
President, Southeast Region
- Mike Carbonara
President, North Region
- Randy Coleman
Senior Vice President, Consumer Finance
- Michel Gasnier
President, International Region
- Mike Carbonara
Regional President, Northeast
- Jim Gimeson
Global Strategy Leader
- Scott Hendrick
Senior Vice President, Chief Technical Officer & Chief Information Officer
- Phil Jones
President, West Region
- Jim King
Senior Vice President, Investor Relations & Corporate Affairs
- Peter Korda
Senior Vice President, Scotts LawnService
- Brian Kura
President, Business Development Teams
- Peter Korda
Senior Vice President, Scotts LawnService
- Brian Kura
Regional President, Midwest
- Mike Lukemire
President, U.S. Consumer Regions
- Rich Shank, Ph.D.
Senior Vice President, Regulatory & Governmental Affairs and Chief Environmental Officer
- Pete Supron
Strategy Principal
- Dave Swihart
Senior Vice President, Global Supply Chain
- Jim Tates
President, Southwest Region
- Jan Valentic
Senior Vice President, Regional Marketing
[edit] See also
[edit] References
- ^ a b "NYSE: SMG - Financial statements". google.com. http://www.google.com/finance?q=NYSE:SMG&fstype=ii.
- ^ "The Scotts Miracle-Gro Company". The Scotts Miracle-Gro Company. http://www.thescottsmiraclegrocompany.com/aboutus/company.html. Retrieved 2012-02-21.
- ^ "Scotts.com: About Us". The Scotts Miracle-Gro Company. http://www.scotts.com/scotts-sites/aboutscotts/index.cfm/event/history. Retrieved 2007-09-19.
- ^ Hunt,Spencer. "Scotts to Pay 4.5 Million in Fines" "The Columbus Dispatch" Columbus, OH, 27 January 2012
- ^ "Scotts.com: History Timeline". The Scotts Miracle-Gro Company. http://thescottsmiraclegrocompany.com/aboutus/history_popup.html. Retrieved 2012-02-22.
- ^ "Scotts LawnService Announces Largest Acquisition to Date". The Scotts Miracle-Gro Company. http://investor.scotts.com/phoenix.zhtml?c=98364&p=irol-newsArticle&ID=269533. Retrieved 2007-09-19.
- ^ "Scotts LawnService(R) Acquires Lawn Care Operations From Centex HomeTeam Services". The Scotts Miracle-Gro Company. http://investor.scotts.com/phoenix.zhtml?c=98364&p=irol-newsArticle&ID=325059. Retrieved 2007-09-19.
- ^ "Scotts Completes Acquisition of Smith & Hawken". The Scotts Miracle-Gro Company. http://investor.scotts.com/phoenix.zhtml?c=98364&p=irol-newsArticle&ID=622809. Retrieved 2007-09-19.
- ^ "ScottsMiracle-Gro Completes Acquisition of Rod McLellan Company". The Scotts Miracle-Gro Company. http://investor.scotts.com/phoenix.zhtml?c=98364&p=irol-newsArticle&ID=764189. Retrieved 2007-09-19.
- ^ "ScottsMiracle-Gro Completes Acquisition of Morning Song". The Scotts Miracle-Gro Company. http://investor.scotts.com/phoenix.zhtml?c=98364&p=irol-newsArticle&ID=785072. Retrieved 2007-09-19.
- ^ "The Scotts Miracle-Gro Company Investor Relations Corporate Governance". The Scotts Miracle-Gro Company. http://phx.corporate-ir.net/phoenix.zhtml?c=98364&p=irol-govmanage. Retrieved 2012-02-21.
- ^ "The Scotts Miracle-Gro Company Leadership". The Scotts Miracle-Gro Company. http://www.scottsmiraclegro.com/aboutus/leadership.html. Retrieved 2012-02-21.
