Scotts European joint venture for first half of 2016

Scotts Miracle-Gro general manager Sheila Hill says a European joint venture partner could be announced in the next six months.

Sheila Hill
Sheila Hill

Hill said the move was "in order to capitalise on opportunities in hydroponic and live gardening (plants and seeds) and strengthen the core business to be better prepared for the future."

She said Scotts was in discussion with "targeted strategic partners"  which had a European focus and were not UK specific, such as Thompson & Morgan, which remains for sale.

Scotts chief executive Jim Hagedorn announced the move last week.

She said the change reflects "what the Scotts company is all about" and follows the strategy of copying the US business, which has already branched out into hydroponics amnd other areas away from its core ferts and chems business.

Hill added that it was "ironic that having relaunched Chapelwood" wild bird care "this winter has been the warmest for 55 years and "that is a challenge" for sales.

Scotts was ready for the season and was looking ahead to a "pivotal year", she said.

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