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Hyponex Corporation history
Hyponex Corporation company history timeline
Corporate Headquarters 1982 For the first time in Scotts' over 100 years of existence, all administrative departments were located in one facility––a new Corporate Headquarters building on Scottslawn Road in Marysville, Ohio.
Scotts debt was reduced to $125 million by the fall of 1988, when a restructuring allowed the $111 million acquisition of Hyponex Corp.
In 1990, Scotts formed a partnership with Sandoz Crop Protection Corp. to research and develop biological pesticides using insect viruses, bacteria, protozoa, and plant extracts.
MURP Technology 1992 A new molten urea reaction process (MURP) made it possible to produce a fertilizer in which two nutrients could be used as a carrier for nitrogen, making products less bulky and lighter.
The public offering also helped Scotts sever its ties to investment bank Clayton Dubilier through a 1993 stock repurchase.
With sales of over $466 million that fiscal year, Scotts negotiated the purchase of Grace-Sierra Horticultural Products Co. in 1994.
Some of this growth came from acquisitions, including the 1995 purchase of Stern's (now Scott's) Miracle-Gro Products, Inc.
Merger of Scotts and Miracle-Gro in 1995
Early in 1996, Horace Hagedorn and the Scotts board of directors ousted CEO Theodore Host barely 11 months after he had taken office.
But instead of boosting profits, the deep discounts to retailers resulted in a $2.5 million loss on fiscal 1996.
The Miracle-Gro cofounder stayed with Scotts long enough to see it return to profitability during the first half of fiscal 1997, then retired that spring.
EarthGro® 1998 Acquiring the organics company EarthGro, Inc., strengthened Scotts' service to mass merchant retailers and home centers in the important Northeast region, as well as enhanced Scotts' ability to service independents.
Ortho®/Roundup® 1999 Entering into the pesticide industry, Scotts completed agreements for exclusive marketing rights to consumer Roundup herbicide products and for the purchase of the Ortho businesses.
Name Change 2005 The company was renamed The Scotts Miracle-Gro Company to reflect the strength of its two leading brands.
EZ Seed® Launch 2010 EZ Seed garnered an estimated $87.8M in its national launch year.
Hawthorne Gardening Company 2014 Hawthorne Gardening Company was formed as a wholly owned subsidiary to focus on hydroponic growing, from greenhouses to indoor and urban gardening.
Edible Gardening 2016 The company formed a joint venture with Bonnie Plants®, the largest United States grower of vegetables and live goods.
Sunlight Supply 2018 The company acquired Sunlight Supply, a state-of-the art hydroponics manufacturer and distributor.
The company launched Miracle-Gro Performance Organics, an organic product that performs as well as conventional Miracle-Gro. It marked the largest new product launch of 2019.
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Hyponex Corporation may also be known as or be related to HYPONEX CORP and Hyponex Corporation.