Scotts seeking to acquire companies to expand its business

08/7/2013 | American City Business Journals

Scotts Miracle-Gro is seeking to acquire companies that could expand its product offerings, according to CEO Jim Hagedorn. After a few years of working on internal growth, Scotts is turning its focus to smaller acquisitions that could expand the business, such as a $4 million investment in AeroGrow from Denver, according to spokesman Jim King. "We're not just looking at brands, but also technology and technology partners that can be folded into our R&D pipeline," King added.

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