In This Issue
2017: A year of transition for the garden centre trade
Top 50 most-read stories in GTN Xtra 2017
When will the For Sale sign go up at Wyevale GCs?
So what went on behind closed doors at the Wyevale suppliers meeting.?
Rising Stars 2017 - The final 12
Owners of garden centre face £21,000 bill after selling 'dangerous' items
Wyevale Garden Centres announces shift away from acquisitions
Wyevale Garden Centres named on 'worst to work for' list
Sad news - Alistair Lorimer dies
Durston Garden Products HOLD prices for 2018
New display ideas, new products, new suppliers at Bunnings first UK garden centre - GTN Xtra picture exclusive
Retail ops restructured as going gets tough for Wyevale GCs
All eyes will be on how Wyevale GCs plans to replace 'unsustainable' growth strategy with core business focus
Sir Terry and Mr M...unfinished business at Dobbies?
Mothers Day bonanza as garden centre records are broken across the country
We cleared out Homebase management too quickly, confesses parent company's new CEO
Carol Paris is leaving the HTA
Dobbies "gets together with Ocado to be the best on-line"
Nicholas Marshall is back in the gardening industry as CEO of Dobbies
Newshound finds Mr M has been busy recruiting 'experience'...
Terra Firma props up Wyevale Garden Centres
So this is what a Bunnings Warehouse looks like...
A bittersweet moment says Scott CEO as he announces UK, Europe and Aussie sell-off
Gardman reports £1.5m loss - but earnings soar by 50%
Blue Diamond buys Bridgford Garden Centre
Exponent Private Equity to buy Scotts business in UK, Europe and Australia
Brothers sell £15m Yarnton Nurseries business
Area Representative/Product Merchandiser
Get your own copy of GTN Xtra
Westland win Sword of Excellence with SafeLawn
Is this the smallest garden centre in the UK?
Glee to hold two shows per year from 2018 onwards
Garden retailers sign up to industry Xylella statement
Marshall's strategy for Dobbies to put focus back on plants
Woodlodge win GCA Associate of the year Award
"The Best Glee for Years" - Retailers verdict on this years show
"Xylella is the most serious situation I have come across in 32 years in the industry"
MEP's vote to ban glyphosate completely by 2022
Blisters, tomatoes, over 100 walkers and runners raise over £22k on Garden Re-Leaf Day
Coolings buys Potted Garden Nursery at Maidstone
Exclusive pictures from Bunnings' biggest store yet
New men at the top at Hillier
Xylella fastidiosa: how Italy has tackled the problem
Town & Country is sold to EP Barrus
Supplier rebates to exceed £1.5m for Choice members
"Garden Centre of the Future" planned for new outlet retail centre at Downtown Grantham
Bunnings UK No. 3 - Hemel Hempstead in pictures
Shoplifting costs retailers £800m a year says research
Scotts: We want out of Europe...but we won't give the business away
New trade show will demonstrate how to cater for vegans
Historic exhibition and new branding for Dobbies
Exciting new-build garden centre underway
Bunnings - Homebase - sales drop by £44m
Glyphosate licence approved for 5 years
Situations Vacant
Area Representative/Product Merchandiser
Kent/Sussex area. £20k to £23k per annum
 
Read more»
Send us your news and great ideas

Contact us with your news. 

Email neil.pope@tgcmc.co.uk, or trevor.pfeiffer@tgcmc.co.uk or call the GTN News team on 01733 775700


Exponent Private Equity to buy Scotts business in UK, Europe and Australia
No 24 Most Read Story 2017. First published: Tuesday 2 May, 2017

 

The Scotts Miracle-Gro Company, the world’s leading marketer of branded consumer lawn and garden products, announced today (Tuesday 2nd May 2017) it has received from Exponent Private Equity LLP a binding and irrevocable offer for its European and Australian consumer operations. The proposed transaction is expected to close before September 30, subject to regulatory approval and prior information and consultation with Works Councils and employee representative bodies. 

 

The proposed sale includes ScottsMiracle-Gro operations in Australia, Austria, Belgium, France, Germany, Poland and the U.K. Under terms of the proposed deal, ScottsMiracle-Gro associates in these locations would become employees of the Exponent-owned operations upon closing. ScottsMiracle-Gro brands and products would continue to be manufactured and marketed in Europe and Australia as a result of licensing and sub-licensing agreements.  In Europe, the brands include Roundup®, Weedol®, Pathclear®, Evergreen®, Levington®, Miracle-Gro®, KB®, Fertiligène®, Substral®, Osmocote® and Naturen®, the availability of which is dependent upon the country. Among the brands in Australia are Scotts®, Osmocote®, Naturen®, Roundup®, Home Defense® and Pure Organics®.

 

“Our international lawn and garden business is the strongest in the marketplace with outstanding brand recognition and a talented and dedicated team of associates,” said Phil Jones, SVP of ScottsMiracle-Gro International Operations. “We’re delighted to have reached the proposed agreement with Exponent, as they would be an excellent steward of the brands and be well positioned to take the business to the next level. We expect the proposed transaction to be seamless to our retail partners, consumers and associates.”

 

The proposed sale reflects ScottsMiracle-Gro’s commitment – announced as Project Focus in the Company’s fiscal year 2016 – to concentrate more of its resources on its U.S. business. Since then, the Company has sought to find a partner or buyer of its international business who would steward the brands, give stability to associates and invest in growth opportunities.

The deal is being reported in the US as being worth $250m with Scotts CEO, Jim Hagedorn, saying there was a lot more interest than the company expected.

 

Exponent is an experienced and successful investor in consumer businesses with high-growth potential. The proposed sale would mark Exponent’s initial investment in the lawn and garden space.

Commenting on the acquisition, Simon Davidson, Partner at Exponent, said: “These are market-leading garden care brands loved by consumers around the world. We look forward to working with the Company and investing further in advertising and innovation to continue to grow these brands and unlock the full potential of the business.” 

A statement on the Exponent website added that Scotts Miracle-Gro brands and products would continue to be manufactured and marketed in Europe and Australia as a result of licensing and sub-licensing agreements. ScottsMiracle-Gro's products are currently sold in leading retailers such as B&Q, Bunnings, Gamm Vert, and independent garden centres in its key markets.

Exponent is an experienced and successful investor in consumer businesses with high-growth potential and has a strong record of successful corporate carve-outs.

 

About Exponent Private Equity

Exponent is a private equity firm investing primarily in businesses with significant presence in the U.K. with enterprise values between £75m and £400m. It works with businesses across a broad range of sectors to unlock value and drive growth. Its current and former portfolio companies include businesses such as Quorn Foods, Photobox Group, Loch Lomond Whisky, Big Bus Tours, the Ambassador Theatre Group and Trainline. This transaction would represent Exponent’s 18th corporate carve-out transaction since it was founded in 2004; it has acquired businesses from a range of vendors, including Premier Foods, DMGT, BBC, News Corporation, Umeco, Live Nation, Virgin and Alere.

http://www.exponentpe.com

 

About ScottsMiracle-Gro
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 recognized in the industry. In the U.S., the Company's Scotts®, Miracle-Gro® and Ortho® brands are market-leading in their categories, as is the consumer Roundup® brand, which is marketed near worldwide by Scotts and owned by Monsanto. In the U.S., we maintain a minority interest in a joint venture with TruGreen®, the largest residential lawn care service business, and in Bonnie Plants®, the largest marketer of edible gardening plants in retail channels.  In Europe, the Company's brands include Weedol®, Pathclear®, Evergreen®, Levington®, Miracle-Gro®, KB®, Fertiligène® and Substral®.

For additional information, visit scottsmiraclegro.com.

 

 

 

Facebook Twitter LinkedIn Del.icio.us Digg | Comment (0)
Comment
Name:*

Email Address:*

Comment:*