Scotts Miracle-Gro Sells Unit for $270M

Israel Chemicals agreed Tuesday to buy the global professional business of Scotts Miracle-Gro for $270 million.
By Joseph Woelfel ,

TEL AVIV (

TheStreet

) --

Israel Chemicals

said Tuesday it agreed to buy the global professional business of

Scotts Miracle-Gro

(SMG) - Get Report

for $270 million.

The Scotts business had revenue of $242 million for the fiscal year ended Sept. 30. It sells specialty fertilizers and plant protection products.

-- Written by Joseph Woelfel

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