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Target Buys Smith & Hawken from Scott's

Target purchases Smith & Hawken from Scott's Miracle-Gro, in an effort to expand its gardening business.



) --


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is expanding its gardening business with the purchase of Smith & Hawken from

Scott's Miracle-Gro

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, the company announced late Friday.

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The discounter did not disclose how much it will be paying for the upscale garden store chain, and will reveal its plans for the brand at a later date.

"We're thrilled to own such an admired and iconic brand," Kathee Tesija, Target's executive vice president of merchandising said in a statement. "We believe the Smith & Hawken brand complements our existing portfolio of owned brands and provides our guests with another compelling reason to shop Target."

Target has carried Smith & Hawken products in its stores since 2006.

Scott's Miracle-Gro said back in July that it planned to shutter the chain after unsuccessful attempts to find a buyer. The company purchased Smith & Hawken in 2004 for $68.5 million.

-- Reported by Jeanine Poggi in New York.

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