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Scotts Miracle-Gro Company
Scotts Miracle-Gro Company

-8.26%

Industry & manufacturing / Lawn and Garden Products Manufacturing

At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview

The Scotts Miracle-Gro Company, usually referred to as simply Scotts, is an American multinational corporation headquartered in Marysville, Ohio. It is best known for producing lawn and garden care products, such as fertilizers, pesticides, and soils. The company also has operations in Canada and Europe.
Scotts was founded in 1868 by O.M. Scott as a small seed company. Over the years, the company expanded its product line to include lawn care and garden care products. In 1924, Scotts introduced the first lawn fertilizer specifically designed for home garden use, which became a huge success.
In the 1940s, Scotts started producing insecticides and herbicides and became a leader in the lawn care industry. In the 1960s, the company was also involved in the research and development of hybrid grass seed varieties.
Today, Scotts has a wide range of lawn and garden care products, including fertilizers, weed killers, grass seed, and soil amendments. The company sells its products in over 100 countries and has become a household name in the lawn and garden industry.
In recent years, Scotts has also expanded its business to include hydroponic growing systems for indoor gardens, as well as organic and natural gardening products. The company’s commitment to sustainable gardening has led to the launch of its Nature’s Care brand, which offers organic gardening solutions.
Aside from its product line, Scotts is also committed to giving back to the community. The company has various initiatives and partnerships with organizations focused on promoting environmental stewardship and community engagement.
In addition, Scotts is also dedicated to innovation and has invested in research and development to continuously improve its products and introduce new ones to meet the changing needs of consumers.
Overall, the Scotts Miracle-Gro Company is a leading provider of lawn and garden care products, known for its commitment to quality, innovation, and sustainability.

What is special about the company?

1. Established brand: Scotts Miracle-Gro has been in business for over 150 years and has established itself as a leading name in the lawn and garden industry.
2. Diverse product portfolio: The company offers a wide range of products including fertilizers, grass seed, plant food, and pest control solutions for both household and professional use.
3. Innovation: Scotts Miracle-Gro invests heavily in research and development to bring new and innovative products to the market. The company has also entered into partnerships with tech companies to develop smart gardening solutions.
4. Strong customer base: With a presence in over 100 countries, Scotts Miracle-Gro boasts a strong global customer base and has a strong reputation for producing high-quality products.
5. Sustainable practices: The company is committed to promoting sustainable gardening practices and has set sustainability goals to reduce its environmental impact.
6. Strong financial performance: Despite market challenges, Scotts Miracle-Gro has consistently reported strong financial performance and has delivered consistent returns to its shareholders.
7. Philanthropic initiatives: The company has a strong commitment to giving back to the community and has various initiatives such as the GRO1000 community garden program and the Scotts Miracle-Gro Foundation, which provides grants for youth garden projects.
8. Commitment to diversity and inclusion: Scotts Miracle-Gro has made efforts to promote diversity and inclusion within its workforce and has been recognized for its inclusive workplace culture.
9. Award-winning company: Scotts Miracle-Gro has received numerous accolades and awards for its products, sustainability efforts, and workplace culture.
10. Strong leadership: The company is led by a team of experienced and innovative leaders who have helped drive its growth and success.

What the company's business model?

The Scotts Miracle-Gro Company is a provider of consumer products for lawn and garden care, with a focus on providing solutions for gardening enthusiasts. The company's business model is focused on selling a wide range of products including fertilizers, plant foods, soils, grass seeds, and insect and weed control products through various retail channels such as home improvement stores, hardware stores, and garden centers. The company also operates a direct-to-consumer business through its websites and catalog operations. In addition, Scotts Miracle-Gro offers professional lawn and garden products for commercial use. The company places a strong emphasis on innovation, sustainability, and customer engagement in order to maintain its position as a leader in the lawn and garden care industry.

Interesting facts about the company

1. Founded in 1868, Scotts Miracle-Gro is the world’s largest marketer of branded consumer lawn and garden products.
2. Scotts Miracle-Gro was originally founded as the O.M. Scott & Sons Company, selling grass seed and other agricultural supplies.
3. The company’s headquarters is located in Marysville, Ohio.
4. Scotts Miracle-Gro owns and operates several well-known brands in the lawn and garden industry, including Miracle-Gro, Ortho, and Scotts.
5. The company has expanded its business beyond the traditional lawn and garden market, with products for hydroponics and indoor gardening as well as lawn care services.
6. Scotts Miracle-Gro has been recognized as a leader in sustainability efforts, with initiatives such as water conservation and reducing waste in packaging.
7. The company has over 8,000 employees and operates in over 100 countries worldwide.
8. In 2017, Scotts Miracle-Gro acquired the company Botanicare, expanding its offerings in the hydroponics market.
9. The company has faced criticism for its use of chemicals in its products and has been involved in lawsuits regarding misleading and false advertising.
10. In 2018, Scotts Miracle-Gro announced a partnership with the Ohio State University to create the Plant Root Zone Microbiome Program, studying the interaction between plants, soil, and microbes to develop more sustainable gardening practices.

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