ScottsMiracle-Gro Exercises Option to Acquire Black Kow Brand

07:15 AM EDT, 09/03/2026 (MT Newswires) -- ScottsMiracle-Gro (SMG) exercised its purchase option to acquire the Black Kow brand from Organics Management, with the deal expected to close in October, the company said Thursday. Financial terms were not disclosed. The company expects the acquisition to support its fiscal 2027 to 2029 targets for average annual net sales growth of 2% to 4% and 5% to 8% adjusted earnings per share growth. ScottsMiracle-Gro added that the acquisition will expand its growing media and soil amendment portfolio and support its multi-year SMG 2.0 growth strategy.