Scotts Miracle-Gro eyes global leadership position in hydroponics sector

As Scotts Miracle-Gro settles in on its play in hydroponics, it’s ratcheting down a buying spree and turning attention to integration and cost-saving.

The venerable lawn-and-garden company’s goal is simple:

“To become the best supplier of hydroponic growing products in the world to both the consumer and professional markets,” Scotts CEO Jim Hagedorn told analysts and investors Tuesday.

Scotts’ leap into an ancillary sector of the cannabis industry continues to bolster a top line pressured by a late start to the growing season and struggles among mass-market retailers, the…

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