Scotts Miracle-Gro Acquires Bell Labs' Rodent Control Technology Business

The Scotts Miracle-Gro Company announced that it has reached an agreement with Bell Laboratories, Inc., the world's leader in rodent control technology, to acquire the Tomcat® consumer rodent control business.

The acquisition includes the Tomcat brand, as well as a long-term partnership to bring innovative technologies to the consumer rodent control market. Tomcat consumer products are sold at home centers and mass retailers, as well as grocery, drug and general merchandise stores across the U.S. and Canada, in addition to Europe and Australia/New Zealand.

Terms of the transaction are not being disclosed. The integration of the Tomcat consumer business is expected to be accretive to ScottsMiracle-Gro's operating margin beginning in fiscal 2014.

The acquisition positions ScottsMiracle-Gro as a leading marketer of consumer rodent control products. In addition to research and development, Bell Laboratories, Inc. will continue to perform regulatory and manufacturing functions for the Tomcat brand.