Our Sale to The Scotts Miracle-Gro Company:
The Scotts Miracle-Gro (NYSE: SMG) company is the nation’s largest manufacturer of branded consumer lawn and garden products. These products include familiar brands such as Scotts seed and turf products, Ortho herbicide and insecticide products, Miracle-Gro fertilizer products, Round Up herbicide, Tomcat pest control products and many others. In approximately 2013 the company began a series of acquisitions of manufacturers for which Sunlight Supply acted as a primary distributor. In a 5-year period the company acquired General Hydroponics (fertilizers), Botanicare (fertilizers), Gavita (lighting fixtures), Vermicrop Organics (soil and fertilizers) and Can Filter (air purification). Scotts Miracle-Gro then sought the acquisition of a national distributor. In our opinion, a very logical integration move as it combined the margins of the industry’s largest manufacturer with the margins of the industry’s largest distributor. The combination of these companies became the Hawthorne Gardening Company, a wholly owned division of Scotts Miracle-Gro. Hawthorne Gardening Company’s website: www.hawthornegc.com.
The Formation of the Hargreaves-Medak Family Office:
In June of 2018, 100% of the assets of Sunlight Supply, Inc. were acquired by the Scotts Miracle-Gro company in a cash and stock transaction. Additionally, our newly constructed 306,000 square foot world headquarters was also acquired as part of the sale. The proceeds of this liquidation event provided the resources for forming of our family office.