Scotts Selling Its Professional Business

Scotts Selling Its Professional Business

Scotts Miracle-Gro announced today it is selling its professional business for $270 million to Israel Chemical (ICL), a company that extracts minerals from the Dead Sea to make fertilizer. The sale is expected to close in the second quarter of 2011.

The plan now, according to Scotts Miracle-Gro CEO Jim Hagedorn, is for the company to continue building its consumer business.

“Over the past two years, we have evolved our business portfolio to better leverage growth opportunities within our global consumer segment, allowing us to better drive shareholder value,” Hagedorn says. “While we are proud of the efforts our global professional team has put forward over the years, we believe their ability to continue driving growth will be enhanced by being part of ICL, which has articulated a clear vision to invest in this business and support its growth.”

In fiscal 2010, Scotts’ professional business had sales of $242 million, which represents 8 percent of the company’s total sales. ICL, according to Bloomberg online, has annual revenues of about $242 million–and it plans to purchase Scotts with cash.

“We are pleased to find a buyer that values Global Professional’s market leadership position, talented people, respected brands and customer relationships,” Hagedorn says. “ICL has extensive experience in global markets, is a leader in the global fertilizer industry and is committed to achieving business success. These attributes give us confidence that the global professional (division) will be a good fit with ICL.

Adds Yossi Shahar, ICL’s executive vice president corporate development: “This acquisition will establish ICL as the leading player in certain specialty fertilizers and specialty inputs markets.”

Both companies indicate they plan to make the transition a smooth one for associates, customers and suppliers.

Stay tuned to GreenhouseGrower.com for more information.

Leave a Reply

More From Fertilization...
PP&L CAST 2015 intros

April 22, 2015

6 Breeding Companies Serve Up New Varieties At Pacific Plug & Liner

Pacific Plug & Liner’s theme this year, Labyrinth, a conservatory of the world’s most captivating plants, was perfectly topped off (pun intended) with fascinators for the women and newsboy caps for the men. The PP&L team dressed their part to act out the gothic “conservatory of the world’s most captivating plants.” Truly, the displays looked like they practically popped out of a catalog, and the costumes were a nice touch. Retailers take heed, the fully merchandised displays at Pacific Plug & Liner are worthy of emulating. We’ll let the pictures tell the story of all the fabulous variety introductions presented at  Pacific Plug & Liner’s 2015 California Spring Trials, where Cultivaris, Cohen Nurseries, Histil Nurseries, Jaldety Nurseries, Southern Living/Sunset Collection and Pacific Plug & Liner all highlighted their 2016 introductions.  

Read More
Speedling 2015 CAST intros

April 22, 2015

Speedling Inc. Presents New Varieties From ABZ Seeds, Hem Genetics, Thompson & Morgan, Vista Farms & PSI

You name it, we saw it at Speedling's California Spring Trials location in San Juan Bautista, where five companies showed off their new introductions for 2016.

Read More
PittMoss on Shark Tank

April 22, 2015

PittMoss Wins On Shark Tank

Mont Handley, president and CEO of PittMoss, appeared on ABC’s Shark Tank on April 17 to try to get the “sharks” to invest in his peat moss alternative. Three investors from the TV show contributed $600,000 to PittMoss for a 35 percent stake in the company. Check out this clip from ABC’s website in which Mark Cuban, Kevin O’Leary and Robert Herjavec discuss getting on board with the product. PittMoss is an alternative to sphagnum peat moss, made up of a mix of proprietary additives and recycled paper rescued from landfill space. Handley founded the Pittsburgh-based company in 1994. What started as a small experiment grew into a full-fledged business with the help of funding provided by an EPA SBIR grant and Pittsburgh’s Idea Foundry. Today, PittMoss is available to commercial greenhouses and nurseries from Michigan to Maine to North Carolina, with plans to grow. To learn more, visit PittMoss’ website, or check it […]

Read More
Latest Stories

January 9, 2015

6 New Fertilizer Products For Healthy Plants

These five products add even more options for delivering nutrients to the root zone.

Read More

January 7, 2015

Fertilizers And The Future

As growers look for new ways to cut costs and conserve resources, fertilizer and equipment companies are offering products that strive to save water, reduce toxic runoff and keep chemicals out of the equation.

Read More

December 31, 2014

Gain Greater Control Of Fertilizer With Automated Ferti…

University researchers look at integrating irrigation and fertilization with the help of water sensors to reduce fertilizer treatments and improve application timing.

Read More

October 30, 2014

Basics & Beyond: Comparing Substrate Fertilizer Ame…

Cornell University researcher determines if substrate-incorporated slow-release fertilizers can be used to replace or reduce the need for liquid fertilizer for four spring crops.

Read More

July 24, 2014

Using Controlled Release Fertilizers To Produce Garden …

Researchers determined whether or not garden mums can be grown with controlled-release fertilizer, and if it reduces fertilizer leaching, as compared with water-soluble fertilizers.

Read More

March 14, 2014

New Foliage Pro Fertilizer Offers Complete Nutrition Pl…

Dyna-Gro Nutrition Solutions has developed a process it says is capable of keeping all 16 essential plant nutrients in solution form.

Read More

January 30, 2014

OASIS Grower Solutions Introduces New One-Bag Hydroponi…

The new 16-4-17 Hydroponic Fertilizer from OASIS Grower Solutions (OGS) is a one-bag solution that replaces two-part systems traditionally used by commercial hydroponic growers. It is specifically formulated for commercial hydroponic production of lettuce, herbs and vegetables.

Read More

December 30, 2013

Fertilizer Changes Growing Mix pH

When considering a fertilizer's influence on media pH, you need to know its acid or basic reaction.

Read More

December 30, 2013

Basics & Beyond: Fundamentals Of Phosphorus Nutriti…

Phosphorus is an essential element, after all.

Read More
Everris Liquid S.T.E.M.

December 30, 2013

New Fertilizers For 2014

New fertilizer products not only deliver optimum nutrition, they also provide for easier application and increased efficiency. Check out these new products to help your operation produce a healthy crop in 2014. Click through on the pages below.

Read More

December 18, 2013

Focus On Fertilizer: Micronutrients And Organics

New fertilizer products are focusing on micronutrients and providing efficient options for organic production.

Read More

August 27, 2013

BioWorks Adds EcoVita To The Verdanta Family Of Biofert…

EcoVita, a homogeneous granular organic fertilizer, has been added to Bioworks Inc.’s Verdanta biofertilizers product family. This fertilizer will be manufactured and supplied to BioWorks by DCM Corporation of Belgium, a producer of natural and organic-based fertilizers in Western Europe. EcoVita is suitable for a wide variety of crops with its gentle release curve including:• Organic fertilization as a base nutrition in potting mixes• Leafy vegetables• Fruiting vegetables (s a top dressing) • Roses and other ornamentals The new fertilizer offers long-lasting and continuous action for 75 to 100 days and contains organic phosphorus (5 percent P2O5) for fast rooting. Nutrients in EcoVita are gradually released by the soil microbes, in addition to producing humus for better rooting and less leaching. EcoVita is OMRI Listed, making it suitable for use in organic production. “We’re pleased to introduce EcoVita 7-5-10 as our organic NPK product to complement our organic products: K-Vita 2-0-20 […]

Read More

April 29, 2013

Rockwell Farms Introduces Ready-To-Pour Container Ferti…

Rockwell Farms has introduced Rockwell Farms Plant Food, a bottled liquid fertilizer that does not need to be diluted before use. Always looking for ways to help the consumer succeeed, Jason Roseman of Rockwell Farms says the operation is also always looking for ways to get consumers to come back and buy more plants and flowers. “We feel like fertilization is one of those things that can be very confusing,” Roseman says. “Not everyone does it, and not everyone knows what they’re supposed to do.” The solution: Rockwell Farms Plant Food. The formulation is 150 ppm of a 20-10-20 fertilizer and is sold in 24-ounce bottles. Rockwell recommends that one bottle be used to fertilize 1.5- to 3-gallon outdoor plant and flower containers every 21 days. The product’s signage shows a young patio gardener pouring the bottled fertilizer on a windowbox with the tagline, “Just pour on your way out […]

Read More

April 29, 2013

Plant Products To Be Purchased By MGS Horticultural And…

MGS Horticultural Inc., a full-service supplier of fertilizers, pest control products, seeds and substrates in North America, together with Haifa Chemicals, a global supplier of potassium nitrate for agriculture and industry, specialty plant nutrients and food phosphates, today announced a plan to purchase Canadian fertilizer and pesticides supplier Plant Products Co. Ltd. The deal is anticipated to close by the end of June 2013. MGS will acquire Plant Products’ Canadian distribution business, sales force and name. MGS plans to use both names (MGS Horticultural and Plant Products) in all communications going forward. MGS will maintain locations in Leamington, ON; Brampton, ON; Laval, QC; St. Hyacinthe, QC; and Detroit, Mich. As part of the deal, MGS has signed multi-year agreements with Haifa to maintain exclusive distribution of Plant-Prod Soluble Fertilizers, Acer Controlled Release Fertilizer, Stim-Root and potting soil premix fertilizers for distribution in Saskatchewan, Manitoba and Eastern Canada. “MGS is excited […]

Read More

March 19, 2013

Irrigation And Fertilizer Tips For New Vegetable Grower…

Compared to other variable costs, fertilizers are not the largest part of the budget in conventional greenhouse production. Nevertheless, over the course of the season, mistakes in fertilizer use can lead to significant damages or crop losses. That makes this an important topic for ornamental growers who are experimenting with growing vegetable crops. This article will emphasize major differences between fertilizers used in vegetable production and in ornamentals production. The different nutrition strategies, monitoring and water volume per plant will also be explained. Fertilizer In ornamental production, nutrients are delivered using various water-soluble fertilizers through a fertilizer injector, through the use of controlled-release fertilizers, or a combination of the two. There are numerous fertilizer mixes available with all the needed nutrients already included. The fertilization rate is often given in parts per million (ppm) of nitrogen (N), which is a way of expressing the fertilizer concentration. At younger stages, plants will […]

Read More

March 11, 2013

Daniels Plant Food Rebranded As Nature’s Source

Ball DPF has announced the launch of Nature’s Source, a rebranding in name and packaging for its seed extract-based plant fertilizer product Daniels Plant Food. The new brand will make its industry debut at California Spring Trials. “While we are proud of our heritage, we made this bold decision because we’re expanding sales to our existing market segments and entering new ones. It was a good opportunity to start with a fresh name and a modern look for all our products and packaging,” says Chance Finch, general manager for Ball DPF. “We wanted to make it obvious, beginning with our Nature’s Source brand name, to know our products are sourced from nature. Growers, contractors and gardeners can be confident that our effective and unique formulations remain unchanged. We’re excited about launching updated packaging for all our products, and especially the new ready-to-spray plant food for home gardeners.” The Nature’s Source brand […]

Read More

March 6, 2013

Everris Introduces E-Max Release Technology Coating Che…

Everris has introduced its new E-Max Release Technology, a proprietary coating chemistry for use on a wide variety of nutrient components that are incorporated into controlled-release fertilizer products. According to Chris Buchheit, marketing manager for Everris’ ornamental horticulture products, E-Max will help Osmocote and the company’s other existing brands deliver even better performance and value. “This coating will aid in the development of products that both complement and enhance our Osmocote portfolio and other fertilizer lines. It will increase Everris’ flexibility to create customized nutrition programs designed for horticulture growers,” Buchheit says. E-Max Release Technology is a durable, cutting-edge, reacted polymer coating for use on a variety of essential macro- and micronutrients. Nutrients coated with E-Max Technology are produced to the same performance standards as Osmocote. It will allow for continued expansion of the Everris portfolio, the ability to further enhance nutritional values and an efficient use of a grower’s […]

Read More

February 4, 2013

BioSafe Systems And Daniels Plant Food Company Will Par…

BioSafe Systems has entered into a strategic partnership with Daniels Plant Food Company, a wholly owned subsidiary of Ball Horticulture Inc. BioSafe and Daniels have worked closely together for the past two years and will now look to further develop liquid plant food serving both the conventional and organic markets. In conjunction, BioSafe Systems will be introducing its own branded line of plant food products focusing on turf, landscape and agricultural markets. “Liquid plant food is a natural progression for our company” says Rob Larose, CEO of BioSafe Systems. “It fits perfectly into our current line of green and sustainable products, and we are excited about partnering with Daniels.” Daniels manufactures and markets both conventional and organic liquid fertilizers, using botanical extracts to provide high-value nutrition to plants. BioSafe Systems develops and markets effective and sustainable products to a wide variety of industries, including fruit and vegetable production, turf and […]

Read More