The Scotts Miracle-Gro Company is expanding its soil amendment portfolio by acquiring the Black Kow brand, a move that supports its multi-year SMG 2.0 growth plan. The acquisition follows an existing agreement under which SMG has been the exclusive producer, distributor, and marketer of Black Kow since January 2026, with an option to buy. The company has announced its intention to exercise that option, with the deal expected to close in October; terms were not disclosed. Management expects the transaction to contribute to top-line sales while maintaining the company's margin profile, and it is described as a low-risk investment that should be accretive to earnings per share starting in the first year. The Black Kow brand, a trusted 57-year-old name in soil amendments, will be scaled through innovation and expanded nationwide, supporting SMG's fiscal 2027-2029 growth targets of 2-4% annual net sales growth, 50-100 basis points of adjusted gross margin improvement, 5-8% adjusted EPS growth, and free cash flow above $275 million.
Scotts Miracle-Gro CompanyScotts Miracle-Gro is acquiring the Black Kow brand, a low-risk, EPS-accretive deal supporting its SMG 2.0 growth plan.
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