Scotts Europe and Australia go to financial investor Exponent

The Scotts Miracle-Gro Company, a globally active supplier of consumer products for lawn and garden care, has confirmed that it has received an offer from Exponent Private Equity LLP for the company's consumer division in Europe and Australia. "Subject to the outstanding regulatory approvals, we expect to close the possible transaction in the third quarter of 2017," stated a press release from the company. According to media reports, the offer is in the order of USD 250 mio. Depending on the country, the brands affected in Europe are Roundup, Weedol, Pathclear, Evergreen, Levington, Miracle-Gro, KB, Fertiligène, Substral, Osmocote and Naturen.