Scotts eyes Solus brand export

'These categories and brands open up more growth opportunities for us,' says Scotts Miracle-Gro.

Solus: brand purchased out of administration by Scotts Miracle-Gro - image: HW
Solus: brand purchased out of administration by Scotts Miracle-Gro - image: HW

Scotts Miracle-Gro will look to export Solus brands after buying them out of administration last week.

Scotts will run Scotts Solus brands Yeoman, Joseph Bentley, ChapelWood, Botanico, Garden Nation and Bermuda as a separate division, run by Solus chief executive Mark Pearson and represented by its sales representatives. Each will have separate stands at Glee (14-16 September).

Solus went into administration with PWC on 15 May. Scotts general manager Martin Breddy said: "The purchase is entirely consistent with our strategy to look at adjacent gardening categories and we like the brands that have been built by Solus, and these categories and brands open up more growth opportunities for us."

He added: "In most other countries we don't have a presence in adjacent categories, but one of the opportunities is to explore for international expansion of these brands and categories."

Breddy declined to comment on the cost of buying the Solus brands or their potential turnover.

Scotts pulled out of a deal to buy Solus, which used to turnover some £80m a year, including its warehousing and distribution, in April.

Scotts will initially use existing facilities to ensure service, although depots are likely to close.

Breddy said he trusts that the brands still have the quality and consumer equity they held before Solus was put into administration.

Growth anticipated

Scotts expects "double-digit" growth in 2014 compared with 2013 because of "kinder weather". General manager Martin Breddy said the company gained share in growing media and "retained its category leadership positions" despite "unprecedented demand" and leaving Solus as a distributor leading to some supply issues.


Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Sign up now
Already registered?
Sign in

Read These Next

Gaura

Gaura

These robust plants can repeat flower from April to October and nice foliage adds interest, says Miranda Kimberley.

Business Planning - Brace now for Brexit impact

Business Planning - Brace now for Brexit impact

Neville Stein advises how businesses can act now to protect themselves against higher plant import costs after the Brexit deadline.

How will Westland buying Gardman impact the garden centre supply market?

How will Westland buying Gardman impact the garden centre supply market?


Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +

HORTICULTURE WEEK BUSINESS Awards 2019

The Horticulture Week Business Awards is now open for entries

Horticulture Jobs
More Horticulture Jobs

Horticulture Week Top 100 GARDEN CENTRES 2018

See our exclusive RANKING of garden centre performance by annual turnover plus the FULL REPORT AND ANALYSIS of the market drawing on our garden retail industry-exclusive research

Garden Centre Prices

Peter Seabrook

Inspiration and insight from travels around the horticultural world
 

Read more Peter Seabrook articles

Neville Stein

Business advice from Neville Stein, MD of business consultancy Ovation
 

Read latest articles