ScottsMiracle-Gro Exercises Option to Acquire Black Kow, Expanding Soil Portfolio
SMG sits 19% above its 52-week low of $52.
Summary
ScottsMiracle-Gro is exercising its option to acquire the Black Kow brand, a 57-year-old soil amendment line, with closing expected in October. The company has been the exclusive producer and distributor under a licensing agreement since January 2026. Management frames the deal as a tuck-in acquisition aligned with its SMG 2.0 growth strategy, expected to be accretive to EPS in year one and support mid-range financial targets. Terms were not disclosed, but the acquisition is described as low-risk and consistent with margin profile. This follows the company's recent Q3 earnings beat and raised guidance, and adds a new growth lever to the portfolio.
At the time of this announcement, SMG was trading at $61.69 on NYSE in the Trade & Services sector, with a market capitalization of approximately $3.5B. The 52-week trading range was $52.00 to $75.34. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.