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Scotts Miracle-Gro purchases the Solus brands
The Scotts Miracle-Gro Company, the world’s leading supplier of consumer lawn and garden care products, is pleased to announce that today (July 15, 2014) its subsidiary, The Scotts Company (UK) Limited, has reached an agreement to acquire proprietary brands from Solus Garden and Leisure Limited (in Administration).
The acquisition includes, but is not limited to, the Yeoman, Joseph Bentley, ChapelWood, Botanico, Garden Nation and Bermuda brands. Prior to going into administration, Solus was a leading UK supplier of garden and leisure products, offering a diverse mix of quality brands for more than 25 years.
With more than $2.8 billion in worldwide sales, The Scotts Miracle-Gro Company is the world's largest marketer of branded consumer products for lawn and garden care. The Company’s brands are among the most recognised in the industry.
Existing Scotts Company (UK) Limited garden and lawn care products include the number one brands in growing media, plant feeds, lawn care, grass and flower seed, plant care and weedkillers. The Company’s brands include Miracle-Gro®, Levington®, Tomorite®, EverGreen®, Weedol®, RoseClear® and Pathclear®. Find out more on the Scotts Miracle-Gro UK website – www.lovethegarden.com/trade
Mark Pearson, previously Chief Executive Officer of Solus, will join Scotts to lead the acquired brands, which will be operated as a “Scotts Solus Brands” internal division within The Scotts Company (UK) Limited.
Martin Breddy, Vice President and General Manager of The Scotts Company (UK) Limited said: “The acquired Solus brands are complementary to our existing gardens business in the UK and fill some gaps in our current product offering. We are excited to combine these brands with Scotts’ innovation, advertising, marketing and POS, and we are confident this will help drive faster growth for the UK gardening market. We welcome the Solus team into the Scotts family and are working towards a seamless transition.”
Tony Barrell, joint administrator and director of PricewaterhouseCoopers LLP, said: “I am pleased to announce the completion of the sale to Scotts, which secures the future of the Solus brands and business. I would like to thank the employees, key customers and suppliers for all their support over the last eight weeks. We will now be communicating with the suppliers of the third party branded products that were not sold as part of the deal.”
The terms of the transaction are not being disclosed.