ScottsMiracle-Gro to Acquire Black Kow Brand

M&A · Partnership
โดย GlobeNewswire·US·Read original
Summary · why it matters

ScottsMiracle-Gro announced it will acquire the Black Kow brand, exercising a purchase option under a licensing agreement with owner Organics Management, with the deal expected to close in October. The acquisition supports the company's SMG 2.0 growth strategy and its mid-range financial targets for fiscal 2027 through 2029, which include annual net sales growth of 2 to 4 percent, adjusted gross margin improvement of 50 to 100 basis points, adjusted EPS growth of 5 to 8 percent, and free cash flow above $275 million. CEO Nate Baxter said the company will scale the 57-year-old brand and expand its national availability, while CFO Mark Scheiwer noted the deal is low-risk, accretive to EPS from year one, and consistent with margin and leverage targets. Black Kow, a leading soil amendment brand, will complement Miracle-Gro's premium products and expand the portfolio with organic amendments and specialty soils.

Impact on stocks 1

Materials▲ · 1 stocks
Scotts Miracle-Gro Company
SMG
▲ PositiveCapitalrelevance

ScottsMiracle-Gro exercises a purchase option to acquire the Black Kow brand, an accretive M&A deal supporting its SMG 2.0 growth strategy and fiscal 2027-2029 targets.

Off-coverage companies 1

Organics ManagementPrivate± Mixed
Capitalrelevance

Organics Management, owner of Black Kow, is selling the brand to ScottsMiracle-Gro; terms and impact on Organics Management are not disclosed.

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