This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Scotts Meets Commitment On Phosphorus-Free Lawn Fertilizers, Including Its Market-Leading Turf Builder Brand Lawn Food

Stocks in this article: SMG

MARYSVILLE, Ohio, May 15, 2013 /PRNewswire/ -- The Scotts Miracle-Gro Company (NYSE: SMG) today announced it has achieved its goal of removing phosphorus from its category-leading Turf Builder® brand lawn food maintenance products.  The commitment was first announced on World Water Day in 2011 as a partial solution to nutrient runoff that can lead to excessive algae growth in waterways, and it marked a major sustainability milestone in the lawn and garden category.

"In 2011 we announced that production of our conventional Turf Builder® brand lawn food would be phosphorus-free by this season," said ScottsMiracle-Gro chief marketing officer Jim Lyski. "As consumers feed their lawns this spring, they should know they can get great results from our products while also protecting and preserving our water resources."

The 2011 phosphorus-free announcement marked the expansion of a commitment made by the company in 2006 to stakeholders in the Chesapeake Bay area that phosphorus content in lawn foods would be reduced by fifty percent.  For perspective, over ten thousand tons of phosphorus was used to produce Turf Builder brand lawn food products in 2003.  Now, ten years later, that amount is zero, as the company determined that the typical, established lawn has an adequate amount of phosphorus to support healthy grass.

"We are committed to ensuring sustainable water supplies for generations to come, and going phosphorus free was a commitment we were proud to make," said Scotts' global research and development leader Bruce Caldwell.  "Our associates' enthusiasm for this initiative has been tremendous and we also want to thank the environmental stakeholders we've worked with to make it possible." 

Because phosphorus is essential to the initial root development of grass plants, the nutrient will remain in Scotts' starter fertilizers for new lawns and also in the company's lines of organic lawn food, as it naturally occurs in the organic materials contained in the products.  Lyski said he anticipates any maintenance products containing phosphorous held over from last season's inventory will quickly sell through at retail this spring.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs