Scotts Australia, a subsidiary of The Scotts Miracle-Gro Company, has entered into a definitive agreement to purchase the Debco retail business, a manufacturer and marketer of potting mix and other growing media.
The deal will see the lawn and garden company acquire the Debco retail brands, as well as a leasehold interest in two manufacturing facilities in Sydney and Melbourne. Debco will retain ownership of its commercial business.
Scotts Australia owns brands including Osmocote, Lawn Builder, Miracle-Gro, Defender, and Roundup.
“The addition of Debco is complementary to our existing lawn and garden business and aligned with our strategy to provide quality products to more consumers in the Australian market,” said Phil Jones, senior VP, North America and International.
“We are excited to offer an even stronger portfolio of lawn and garden products to consumers and are working towards a seamless transition for our retailers.”
Andrew Martin, GM, Scotts Australia, said the purchase of Debco’s retail business is a great opportunity to further grow the business in Australia
“And with the strength of Debco’s brand added to Scotts’ existing product portfilio, we are elated to offer an even broader range of products to our valued customers and consumers,” Martin said.
