MARYSVILLE, Ohio - The Scotts Miracle-Gro Company has reached an agreement with Bell Laboratories, Inc., the world's leader in rodent control technology, to acquire the Tomcat consumer rodent control business.
The acquisition includes the Tomcat brand. Tomcat consumer products are sold at home centers and mass retailers, as well as grocery, drug and general merchandise stores across the U.S. and Canada, in addition to Europe and Australia/New Zealand.
"This transaction is consistent with the strategic direction we have articulated," said Jim Hagedorn, chairman and chief executive officer. "It is complementary to our existing controls business and fills a gap in our current product offering."
Terms of the transaction are not being disclosed. The integration of the Tomcat consumer business is expected to be accretive to ScottsMiracle-Gro's operating margin beginning in fiscal 2014.