Scotts Miracle-Gro Company
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| The 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 | Chemicals for lawn and garden care |
| Revenue | ▲$2.70 Billion USD (2006) |
| Net income | ▲$133 Million USD (2006) |
| 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, with products for professional horticulture as well. The company reported $2.7 billion in worldwide sales in FY 06 (Sept.)
[edit] History
The Scotts Miracle-Gro Company was founded in 1868 by Orlando McLean 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. In recent times, a significant milestone was the merger of Scotts, the leading lawn care brand, with Miracle-Gro, the leading gardening brand, in 1995 to create the Scotts Miracle-Gro Company.[1]
On May 6, 2008, the United States Environmental Protection Agency ordered Scotts Miracle-Gro to stop selling and distributing four pesticide products, as two of the products were never registered with the EPA and displayed invalid registration numbers on the labels, and the other two were sold and distributed before registration was complete, and the labels made false or misleading claims or contained incomplete safety information.[citation needed]
On May 28, 2008, the American Food and Drug Administration issued an enforcement report listing over 90 animal food products made by Scotts that are recalled because they "were found to have been treated with pesticides which were not labeled with instructions for approved use only on wild bird or wild animal products or on all of the individual components that might be present in such stored grain mixtures." [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 dedicated to the proposition "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
- Smith & Hawken
[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[9]
- 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[9]
- 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[9]
- 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[9]
- James Hagedorn - President, Chief Executive Officer and Chairman of the Board, The Scotts Miracle-Gro Company, Board member since 1995[9]
- 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[9]
- Katherine Hagedorn Littlefield - Chair, Hagedorn Partnership, L.P., Private investment partnership, Member of both Finance and Innovation & Technology Committees, Board member since 2000[9]
- 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[9]
- Patrick J. Norton - Executive Vice President and, Chief Financial Officer (retired), The Scotts Company, Member of Finance Committee, Board member since 1998[9]
- Stephanie M. Shern - Founder, Shern Associates LLC, Retail consulting and business, advisory firm, Chair of Audit Committee, Board member since 2003[9]
- John M. Sullivan - Independent director for several companies, Member of Audit Committee, Board member since 1994, (Planned Retirement January 2007)[9]
- John Walker, Ph.D. - Chairman, Advent International plc, Europe, Private equity management company, Member of Finance Committee, Board member since 1998, (Planned Retirement January 2007)[9]
- Nancy G. Mistretta - Partner at the executive search firm of Russell Reynolds Associates, Member of Finance Committee, Board member since 2007 [10]
[edit] Company Officers
- James Hagedorn, President, Chief Executive Officer, and Chairman of the Board[9]
- Denise Stump, Executive Vice President, Global Human Resources[9]
- Vincent Brockman, Chief Ethics Officer and Chief Administrative Officer[9]
- David Evans, Chief Financial Officer and Executive Vice President[9]
- Barry Sanders, Executive Vice President, North America[11]
- Claude Lopez, Senior Vice President, International and Global Chief Marketing Officer[11]
- Peter Korda, Senior Vice President, Scotts LawnService[11]
- Gordy Erickson, Senior Vice President, Smith & Hawken[11]
- Mike Lukemire, Senior Vice President, Global Technologies and Operations[11]
[edit] References
- ^ Scotts.com: About Us. The Scotts Miracle-Gro Company.
- ^ http://www.fda.gov/bbs/topics/ENFORCE/2008/ENF01058.html
- ^ Scotts.com: History Timeline. The Scotts Miracle-Gro Company.
- ^ Scotts LawnService Announces Largest Acquisition to Date. The Scotts Miracle-Gro Company.
- ^ Scotts LawnService(R) Acquires Lawn Care Operations From Centex HomeTeam Services. The Scotts Miracle-Gro Company.
- ^ Scotts Completes Acquisition of Smith & Hawken. The Scotts Miracle-Gro Company.
- ^ ScottsMiracle-Gro Completes Acquisition of Rod McLellan Company. The Scotts Miracle-Gro Company.
- ^ ScottsMiracle-Gro Completes Acquisition of Morning Song. The Scotts Miracle-Gro Company.
- ^ a b c d e f g h i j k l m n o p 2006 Annual Report. The Scotts Miracle-Gro Company.
- ^ The Scotts Miracle-Gro Company Announces Appointment of Nancy G. Mistretta to Board of Directors. The Scotts Miracle-Gro Company.
- ^ 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.
