Scotts Miracle-Gro Company
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| Type | Public (NYSE: SMG) |
|---|---|
| Founded | Marysville, Ohio (1868) |
| Headquarters | Marysville, Ohio, USA |
| Key people | O.M. Scott, Founder James Hagedorn, President, CEO, and Chairman of the Board |
| Industry | Manufacturing |
| Products | Products for lawn and garden care |
| Revenue | ▲$2.98 Billion USD (2008) |
| Employees | 6,000+ |
| Website | www.scotts.com |
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 $2.7 billion in worldwide sales in FY 06 (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.[2]
[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."[3]
2002: Scotts LawnService acquires The Lawn Company, a major lawn care service company in the Boston area.[4]
2002: Scotts LawnService acquires substantially all of the lawn care operations of Centex HomeTeam Services, a division of Centex Corporation.[5]
2004: Scotts acquires Smith & Hawken, Ltd., a brand in the outdoor living and garden lifestyle category.[6]
2005: Scotts acquires the Rod McLellan Company, a provider of soil and landscape products in the western U.S.[7]
2005: Scotts acquires Gutwein & Co. Inc., whose Morning Song brand is a part of the growing wild bird food category.[8]
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
- Roundup
- Smith & Hawken
- Scotts Lawn Service
[edit] Product recalls
The U.S. Environmental Protection Agency (EPA) has enforced a series of stop-sale orders for Scotts products. The orders indicate the EPA has found that labels of 24 different Scotts products make false, misleading, or unsubstantiated claims. In addition, the EPA has indicated that some Scotts products contain unapproved ingredients. As of February 26, 2009, the EPA has ordered Scotts to cease distributing multiple fertilizers, herbicides, and insecticides.[9]
[edit] Board of directors
Current (2006) members of the board of directors of Scotts Miracle-Gro Company are:
- Mark R. Baker - President, Chief Executive Officer and Director, Gander Mountain Company, Outdoor retailer, Chair of Governance & Nominating Committee and Member of Compensation & Organization Committee, Board member since 2004[10]
- Gordon F. Brunner - Chief Technology Officer (retired), The Procter & Gamble Company, Manufacturer of family, personal and household care products Chair of Innovation & Technology Committee and Member of Governance & Nominating Committee, Board member since 2003[10]
- Arnold W. Donald - President and Chief Executive Officer, Juvenile Diabetes Research Foundation International, A non-profit research organization, Chair of Compensation & Organization Committee, Board member since 2000[10]
- Joseph P. Flannery - President, Chief Executive Officer and Chairman of the Board, Uniroyal Holding, Inc., Investment management company, Member of both Compensation & Organization and Governance & Nominating Committees, Board member since 1987[10]
- James Hagedorn - President, Chief Executive Officer and Chairman of the Board, The Scotts Miracle-Gro Company, Board member since 1995[10]
- Thomas N. Kelly Jr. - Former Executive Vice President, Transition Integration, Sprint Nextel Corporation, Global communications company, Member of both Audit and Compensation & Organization Committees, Board member since 2006[10]
- Katherine Hagedorn Littlefield - Chair, Hagedorn Partnership, L.P., Private investment partnership, Member of both Finance and Innovation & Technology Committees, Board member since 2000[10]
- Karen G. Mills - Managing Director and Founder, Solera Capital, Private equity firm, Chair of Finance Committee and Member of Audit Committee, Board member since 1994[10]
- Patrick J. Norton - Executive Vice President and, Chief Financial Officer (retired), The Scotts Company, Member of Finance Committee, Board member since 1998[10]
- Stephanie M. Shern - Founder, Shern Associates LLC, Retail consulting and business, advisory firm, Chair of Audit Committee, Board member since 2003[10]
- John M. Sullivan - Independent director for several companies, Member of Audit Committee, Board member since 1994, (Planned Retirement January 2007)[10]
- John Walker, Ph.D. - Chairman, Advent International, Private equity management company, Member of Finance Committee, Board member since 1998, (Planned Retirement January 2007)[10]
- Nancy G. Mistretta - Partner at the executive search firm of Russell Reynolds Associates, Member of Finance Committee, Board member since 2007 [11]
[edit] Company officers
- James Hagedorn, President, Chief Executive Officer, and Chairman of the Board[10]
- Denise Stump, Executive Vice President, Global Human Resources[10]
- Vincent Brockman, Chief Ethics Officer and Chief Administrative Officer[10]
- David Evans, Chief Financial Officer and Executive Vice President[10]
- Barry Sanders, Executive Vice President, North America[12]
- Claude Lopez, Senior Vice President, International and Global Chief Marketing Officer[12]
- Peter Korda, Senior Vice President, Scotts LawnService[12]
- Gordy Erickson, Senior Vice President, Smith & Hawken[12]
- Mike Lukemire, Senior Vice President, Global Technologies and Operations[12]
[edit] References
- ^ "Scotts.com: Investor Relations". The Scotts Miracle-Gro Company. http://phx.corporate-ir.net/phoenix.zhtml?c=98364&p=irol-reportsAnnual. Retrieved 2009-04-13.
- ^ "Scotts.com: About Us". The Scotts Miracle-Gro Company. http://www.scotts.com/scotts-sites/aboutscotts/index.cfm/event/history. Retrieved 2007-09-19.
- ^ "Scotts.com: History Timeline". The Scotts Miracle-Gro Company. http://www.scotts.com/index.cfm/event/timeline.detail. Retrieved 2007-09-19.
- ^ "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.
- ^ "EPA orders Scotts to stop selling certain pesticides". U.S. EPA. http://www.epa.gov/reg5rcra/ptb/news/. Retrieved 2009-03-20.
- ^ a b c d e f g h i j k l m n o p "2006 Annual Report". The Scotts Miracle-Gro Company. http://media.corporate-ir.net/media_files/nys/smg/reports/2006AR/company.html. Retrieved 2007-06-04.
- ^ "The Scotts Miracle-Gro Company Announces Appointment of Nancy G. Mistretta to Board of Directors". The Scotts Miracle-Gro Company. http://investor.scotts.com/phoenix.zhtml?c=98364&p=irol-newsArticle&ID=1040978. Retrieved 2007-09-18.
- ^ a b c d e "ScottsMiracle-Gro Names Barry Sanders to Lead North American Businesses; Commences Effort to Realign Consumer Units to Drive Growth". The Scotts Miracle-Gro Company. http://investor.scotts.com/phoenix.zhtml?c=98364&p=irol-newsArticle&ID=1051508. Retrieved 2007-09-19.
