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ScottsMiracle-Gro to acquire Black Kow in alignment with SMG 2.0 growth strategy. Company will scale trusted 57-year-old brand and expand its availability nationwide. MARYSVILLE, Ohio, Sept. 03, 2026 (GLOBE NEWSWIRE) - The Scotts Miracle-Gro Company (NYSE: SMG), the leading marketer of branded consumer lawn and garden products in North America, today announced that it intends to acquire the Black Kow brand to strategically expand its growing media and soil amendment portfolio. In January 2026, the Company became the exclusive producer, distributor and marketer of Black Kow under a licensing agreement with an option to purchase. The Company has informed Organics Management, owner of Black Kow, that it has exercised the purchase option with an expected close in October. Terms of the deal were not disclosed. "The planned acquisition of Black Kow demonstrates continued progress with our multi-year SMG 2.0 growth plan and further strengthens our ability to achieve our mid-range financial targets," said Nate Baxter, president and CEO of ScottsMiracle-Gro. "Black Kow is a testament to our merger-and-acquisition strategy centered on tuck-in brands that we can seamlessly integrate into our core lawn and garden business. We will be good stewards of this trusted 57-year-old brand, scaling Black Kow from an innovation standpoint and expanding its availability nationally to engage broader demographic groups." Black Kow, a leading brand in the soil amendment category, will complement Miracle-Gro premium ready-to-use products, expanding the overall portfolio with an established line of organic amendments, mature manure and specialty soils essential for building long-term soil structure and ideal for consumers who like to tinker in their gardens. "Black Kow aligns with our mid-range growth algorithm as we expect it to drive topline sales and be consistent with the margin profile we have established moving forward," said Mark Scheiwer, chief financial officer and chief accounting officer. "This acquisition also reflects our disciplined approach to capital allocation, as it is a low-risk investment that will support our leverage ratio targets and be accretive to EPS beginning in year one." SMG 2.0 Building Blocks The acquisition of Black Kow is a tactical execution of SMG 2.0, whose building blocks include: * Portfolio optimization and innovation through revitalization of product lineups to drive premium growth. * Omnichannel and retail expansion to engage broader consumer groups through digital scale and retailer partnerships. * Category growth and market expansion through greater household penetration to grow the Company's addressable market. * Technology-driven operational excellence with a focus on expanding margins via targeted AI, automation and supply chain efficiencies. Mid-Range Growth Algorithm Black Kow supports the mid-range growth algorithm announced by the Company in August for fiscal 2027 through fiscal 2029 to deliver sustainable shareholder value. Elements include average annual: * Total Company net sales growth of 2 to 4%. * Adjusted gross margin rate improvement of 50 to 100 basis points. * Adjusted EPS growth of 5 to 8%. * Free cash flow greater than $275 million. About ScottsMiracle-Gro With approximately $3.3 billion in sales, the Company is the leading marketer of branded consumer lawn and garden products in North America. The Company's brands are among the most recognized in the industry. The Company's Scotts(R), Miracle-Gro(R), Ortho(R) and Tomcat(R) brands are market-leading in their categories. For additional information, visit Africa SMB Journal at www.scottsmiraclegro.com For investor inquiries: Brad Chelton Vice President Treasury, Tax and Investor Relations [email protected] (937) 309-2503 For media inquiries: Tom Matthews Chief Communications Officer [email protected] (937) 844-3864 Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. Africa SMB Journal do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

ScottsMiracle-Gro brings america250's "Our American Story" to ScottsMiracle-Gro Field. August 13, 2026 Ohioans and Columbus Crew fans are invited to discover the national initiative and record their stories for historic preservation. COLUMBUS, Ohio, Aug. 13, 2026 (GLOBE NEWSWIRE) - The Scotts Miracle-Gro Company (NYSE: SMG), the leading marketer of branded consumer lawn and garden products in North America, is partnering with America250 to bring the Its American Story Airstream mobile studio to ScottsMiracle-Gro Field on Wednesday, August 19, 2026. In commemoration of the nation's 250th anniversary, Its American Story is the storytelling initiative that will establish the largest collection of oral and visual histories. In partnership with America250, ScottsMiracle-Gro is inviting Ohioans to add their voices to this record, preserving the innovation, deep heritage and community dedication that define Ohio's historic and enduring impact on America. How to Participate Ahead of the Columbus Crew vs. CF Montreal match, people can visit the Airstream mobile storytelling studio to explore the interactive display and submit their stories. Participants are encouraged to showcase the influence of Columbus and Ohio on American community values and civic history, from pioneering industries to the energetic sports culture. Attendees can opt to record their stories in person or digitally at america250.org/its-american-story. All stories will be included in the official Its American Story collection with selected contributions chosen for permanent preservation in the Library of Congress. Event Details * Venue: Outside ScottsMiracle-Gro Field on Nationwide Boulevard (open to the public; a match ticket is not required to visit the mobile studio.) * Date and time: Wednesday, August 19, 2026, 6 to 7:30 p.m. Supporting America250 and welcoming Its American Story to Columbus is a meaningful milestone for ScottsMiracle-Gro. By uplifting local achievements, historical narratives and civic pride, ScottsMiracle-Gro wants to ensure the voices and vibrant spirit of Ohio are beautifully represented in the country's semiquincentennial celebration. About ScottsMiracle-Gro With approximately $3.3 billion in sales, the Company is the leading marketer of branded consumer lawn and garden products in North America. The Company's brands are among the most recognized in the industry. The Company's Scotts(R), Miracle-Gro(R), Ortho(R) and Tomcat(R) brands are market-leading in their categories. For additional information, visit Scotts Miracle-Gro Co. at www.scottsmiraclegro.com. About America250 America250's mission is to celebrate and commemorate the 250th anniversary of the signing of the Declaration of Independence, marking America's Semiquincentennial. Scotts Miracle-Gro Co. aim to inspire its fellow Americans to reflect on its past, strengthen its love of country, and renew its commitment to the ideals of democracy through programs that educate, engage, and unite Scotts Miracle-Gro Co. as a nation. America250 will foster shared experiences that spark imagination, showcase the rich tapestry of its American stories, inspire service in its communities, honor the enduring strength, and celebrate the resilience of the United States of America. For more information, visit america250.org. Media Contact: Tom Matthews Chief Communications Officer Email: [email protected] Phone: (937) 844-3864

ScottsMiracle-Gro has announced its financial targets for fiscal 2027 through 2029 during an investor day event at the New York Stock Exchange. The lawn and garden products company expects average annual net sales growth of 2 to 4%, adjusted gross margin improvement of 50 to 100 basis points, and adjusted earnings per share growth of 5 to 8%. The company also targets free cash flow above $275 million and aims to reduce its leverage ratio to 3 to 3.5 times in the mid-term, with a longer-range goal below 3 times. ScottsMiracle-Gro's strategy includes portfolio optimisation, omnichannel expansion, and technology-driven operational improvements. Capital allocation plans feature technology investment, maintaining quarterly dividends, share buybacks, and pursuing strategic acquisitions. For fiscal 2026, the company raised its adjusted earnings guidance to $4.30 to $4.45 per share. ScottsMiracle-Gro reported approximately $3.3 billion in annual sales.