ScottsMiracle-Gro Completes Acquisition of Rod McLellan Company

Deal strengthens growing media product portfolio



04 Oct, 2005, 01:00 ET from Scotts Miracle-Gro Company

    MARYSVILLE, Ohio, Oct. 4 /PRNewswire-FirstCall/ -- The Scotts Miracle-Gro
 Company (NYSE:   SMG), the world's leading marketer of branded products for
 consumer lawn and garden care, has completed the previously announced
 acquisition of the Rod McLellan Company, a provider of soil and landscape
 products in the western U.S.
     "We're pleased to add the Rod McLellan Company's Supersoil(R), Whitney
 Farms(TM) and Black Magic(R) brands to The Scotts Miracle-Gro Company family,"
 said Jim Hagedorn, chairman and chief executive officer of ScottsMiracle-Gro.
 "The business adds important regional brands to our growing media portfolio
 and allows us to improve our supply chain infrastructure to better serve our
 retail customers."
     The purchase price of Rod McLellan Company is approximately $20 million.
 The transaction is expected to be accretive to earnings in fiscal 2006.
 
     About ScottsMiracle-Gro
     With more than $2 billion in worldwide sales and more than 6,000
 associates, The Scotts Miracle-Gro Company, through its wholly-owned
 subsidiary, The Scotts Company LLC, is the world's largest marketer of branded
 consumer products for lawn and garden care, with products for professional
 horticulture as well. The Company's brands are the most recognized in the
 industry. In the U.S., the Company's Scotts(R), Miracle-Gro(R) and Ortho(R)
 brands are market-leading in their categories, as is the consumer Roundup(R)
 brand, which is marketed in North America and most of Europe exclusively by
 Scotts and owned by Monsanto. The Company also owns Smith & Hawken, a leading
 brand of garden-inspired products that includes pottery, watering equipment,
 gardening tools, outdoor furniture and live goods. In Europe, Scotts' brands
 include Weedol(R), Pathclear(R), Evergreen(R), Levington(R), Miracle-Gro(R),
 KB(R), Fertiligene(R) and Substral(R). For additional information, visit us at
 http://www.scotts.com.
 
     Statement under the Private Securities Litigation Act of 1995: Certain of
 the statements contained in this press release, including, but not limited to,
 information regarding the future economic performance and financial condition
 of the company, the plans and objectives of the company's management, and the
 company's assumptions regarding such performance and plans are forward looking
 in nature. Actual results could differ materially from the forward-looking
 information in this release, due to a variety of factors, including, but not
 limited to:
      - Adverse weather conditions could adversely affect our sales and
        financial results;
      - Our historical seasonality could impair our ability to pay obligations
        as they come due and operating expenses;
      - Our substantial indebtedness could adversely affect our financial
        health;
      - Public perceptions regarding the safety of our products could adversely
        affect us;
      - The loss of one or more of our top customers could adversely affect our
        financial results because of the concentration of our sales to a small
        number of retail customers;
      - The expiration of certain patents could substantially increase our
        competition in the United States;
      - Compliance with environmental and other public health regulations could
        increase our cost of doing business; and
      - Our significant international operations make us more susceptible to
        fluctuations in currency exchange rates and to the costs of
        international regulation.
 
     Additional detailed information concerning a number of the important
 factors that could cause actual results to differ materially from the forward-
 looking information contained in this release is readily available in the
 company's publicly filed quarterly, annual and other reports.
 
 

SOURCE Scotts Miracle-Gro Company
    MARYSVILLE, Ohio, Oct. 4 /PRNewswire-FirstCall/ -- The Scotts Miracle-Gro
 Company (NYSE:   SMG), the world's leading marketer of branded products for
 consumer lawn and garden care, has completed the previously announced
 acquisition of the Rod McLellan Company, a provider of soil and landscape
 products in the western U.S.
     "We're pleased to add the Rod McLellan Company's Supersoil(R), Whitney
 Farms(TM) and Black Magic(R) brands to The Scotts Miracle-Gro Company family,"
 said Jim Hagedorn, chairman and chief executive officer of ScottsMiracle-Gro.
 "The business adds important regional brands to our growing media portfolio
 and allows us to improve our supply chain infrastructure to better serve our
 retail customers."
     The purchase price of Rod McLellan Company is approximately $20 million.
 The transaction is expected to be accretive to earnings in fiscal 2006.
 
     About ScottsMiracle-Gro
     With more than $2 billion in worldwide sales and more than 6,000
 associates, The Scotts Miracle-Gro Company, through its wholly-owned
 subsidiary, The Scotts Company LLC, is the world's largest marketer of branded
 consumer products for lawn and garden care, with products for professional
 horticulture as well. The Company's brands are the most recognized in the
 industry. In the U.S., the Company's Scotts(R), Miracle-Gro(R) and Ortho(R)
 brands are market-leading in their categories, as is the consumer Roundup(R)
 brand, which is marketed in North America and most of Europe exclusively by
 Scotts and owned by Monsanto. The Company also owns Smith & Hawken, a leading
 brand of garden-inspired products that includes pottery, watering equipment,
 gardening tools, outdoor furniture and live goods. In Europe, Scotts' brands
 include Weedol(R), Pathclear(R), Evergreen(R), Levington(R), Miracle-Gro(R),
 KB(R), Fertiligene(R) and Substral(R). For additional information, visit us at
 http://www.scotts.com.
 
     Statement under the Private Securities Litigation Act of 1995: Certain of
 the statements contained in this press release, including, but not limited to,
 information regarding the future economic performance and financial condition
 of the company, the plans and objectives of the company's management, and the
 company's assumptions regarding such performance and plans are forward looking
 in nature. Actual results could differ materially from the forward-looking
 information in this release, due to a variety of factors, including, but not
 limited to:
      - Adverse weather conditions could adversely affect our sales and
        financial results;
      - Our historical seasonality could impair our ability to pay obligations
        as they come due and operating expenses;
      - Our substantial indebtedness could adversely affect our financial
        health;
      - Public perceptions regarding the safety of our products could adversely
        affect us;
      - The loss of one or more of our top customers could adversely affect our
        financial results because of the concentration of our sales to a small
        number of retail customers;
      - The expiration of certain patents could substantially increase our
        competition in the United States;
      - Compliance with environmental and other public health regulations could
        increase our cost of doing business; and
      - Our significant international operations make us more susceptible to
        fluctuations in currency exchange rates and to the costs of
        international regulation.
 
     Additional detailed information concerning a number of the important
 factors that could cause actual results to differ materially from the forward-
 looking information contained in this release is readily available in the
 company's publicly filed quarterly, annual and other reports.
 
 SOURCE  Scotts Miracle-Gro Company