ScottsMiracle-Gro Completes Sale of Hawthorne to Vireo Growth
The move refocuses Scotts on its core lawn and garden business.
Overview
- ScottsMiracle-Gro said it has closed the divestiture of its Hawthorne Gardening subsidiary to Vireo Growth.
- Scotts said the Vireo shares from the deal will be held by an independent strategic partner and recorded as investments.
- The company reaffirmed its fiscal 2026 outlook and said removing Hawthorne supports margin recovery targets.
- Vireo nominated Scotts executive Chris Hagedorn to its board and plans a strategic growth committee he would chair if elected.
- Vireo reported about $110 million in combined cash and net working capital from the transaction, which used 213 million shares at $0.60 and 80 million warrants at a $0.85 strike.