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ScottsMiracle-Gro to Acquire Black Kow in Alignment with SMG 2.0 Growth Strategy

SMG
  • Scotts Miracle-Gro (NYSE: SMG) intends to acquire the Black Kow brand to expand its growing media & soil amendment portfolio.
  • The company exercised a purchase option from a January 2026 licensing agreement with owner Organics Management.
  • The deal is expected to close in October 2026 with undisclosed terms.
  • Black Kow is a 57-year-old organic soil amendment brand that will complement existing premium ready-to-use products.
  • CEO Nate Baxter stated the acquisition supports the SMG 2.0 growth plan & strengthens the ability to achieve mid-range financial targets.
  • CFO Mark Scheiwer noted the low-risk investment will be accretive to EPS in year one & align with leverage ratio targets.
  • The acquisition advances SMG 2.0 building blocks including portfolio optimization, omnichannel expansion, category growth, & technology-driven operational excellence.
  • Black Kow supports the mid-range growth algorithm for fiscal 2027 through 2029, targeting 2% to 4% annual net sales growth & 5% to 8% adjusted EPS growth.
  • Scotts Miracle-Gro generates approximately $3.3 billion in sales as the leading marketer of branded consumer lawn & garden products in North America.