ScottsMiracle-Gro (Hawthorne) Acquires Luxx Lighting and True Liberty Bags
December 30, 2021
The Scotts Miracle-Gro Company, through its Hawthorne Gardening Company division, acquired Luxx Lighting (assets) for $215 million and True Liberty Bags for $10 million. The deals expand Hawthorne's indoor/hydroponic lighting and harvest/storage product portfolios and add approximately $100 million in annual sales and $20 million in operating income from Luxx.
- Buyers
- The Scotts Miracle-Gro Company, The Hawthorne Gardening Company
- Targets
- Luxx Lighting, True Liberty Bags
- Industry
- Consumer Products
- Location
- California, United States
- Transaction Type
- Buyout
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