Scotts Miracle-Gro Company
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| Scotts Miracle-Gro Company | |
|---|---|
| Image:Scotts-miracle-gro logo.gif | |
| 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 | Image:Green Arrow Up Darker.svg$2.70 Billion USD (2006) |
| Net income | Image:Green Arrow Up Darker.svg$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.
Contents |
[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.).Ba ba loo hi
[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]
[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."[2]
2002: Scotts LawnService acquires The Lawn Company, a major lawn care service company in the Boston area.[3]
2002: Scotts LawnService acquires substantially all of the lawn care operations of Centex HomeTeam Services, a division of Centex Corporation.[4]
2004: Scotts acquires Smith & Hawken, Ltd., a brand in the outdoor living and garden lifestyle category.[5]
2005: Scotts acquires the Rod McLellan Company, a provider of soil and landscape products in the western U.S.[6]
2005: Scotts acquires Gutwein & Co. Inc., whose Morning Song® brand is a part of the growing wild bird food category.[7]
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
[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[8]
- 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[8]
- 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[8]
- 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[8]
- James Hagedorn - President, Chief Executive Officer and Chairman of the Board, The Scotts Miracle-Gro Company, Board member since 1995[8]
- 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[8]
- Katherine Hagedorn Littlefield - Chair, Hagedorn Partnership, L.P., Private investment partnership, Member of both Finance and Innovation & Technology Committees, Board member since 2000[8]
- 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[8]
- Patrick J. Norton - Executive Vice President and, Chief Financial Officer (retired), The Scotts Company, Member of Finance Committee, Board member since 1998[8]
- Stephanie M. Shern - Founder, Shern Associates LLC, Retail consulting and business, advisory firm, Chair of Audit Committee, Board member since 2003[8]
- John M. Sullivan - Independent director for several companies, Member of Audit Committee, Board member since 1994, (Planned Retirement January 2007)[8]
- 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)[8]
- Nancy G. Mistretta - Partner at the executive search firm of Russell Reynolds Associates, Member of Finance Committee, Board member since 2007 [9]
[edit] Company Officers
- James Hagedorn, President, Chief Executive Officer, and Chairman of the Board[8]
- Denise Stump, Executive Vice President, Global Human Resources[8]
- Vincent Brockman, Chief Ethics Officer and Chief Administrative Officer[8]
- David Evans, Chief Financial Officer and Executive Vice President[8]
- Barry Sanders, Executive Vice President, North America[10]
- Claude Lopez, Senior Vice President, International and Global Chief Marketing Officer[10]
- Peter Korda, Senior Vice President, Scotts LawnService[10]
- Gordy Erickson, Senior Vice President, Smith & Hawken[10]
- Mike Lukemire, Senior Vice President, Global Technologies and Operations[10]
[edit] References
- ^ Scotts.com: About Us. The Scotts Miracle-Gro Company.
- ^ 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.
