ScottsMiracle-Gro Announces its Support Regarding Bayer's Announcement on Potential Changes for Roundup™ in the Consumer Market
MARYSVILLE, Ohio, May 27, 2021 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG ) said today it welcomes the opportunity to work with Bayer regarding the future of glyphosate-containing Roundup™ products in order to ensure the brand's future in the consumer marketplace. "We are glad to hear Bayer's strong public commitment to the consumer market and Roundup's continued place in it," said Jim Hagedorn, chairman and chief executive officer of ScottsMiracle-Gro. "Roundup is an iconic brand in the lawn and garden industry and has been trusted by consumers for decades. We are confident there are several options, including the use of effective alternative active ingredients, to ensure that remains the case while continuing to meet the needs of homeowners and retailers." Hagedorn emphasized that ScottsMiracle-Gro remains committed as the marketing agent for Roundup. ScottsMiracle-Gro is not a party in the legal issues related to Roundup™ and through its Roundup™ agency agreement with Bayer has indemnity against such legal actions and related costs.
ScottsMiracle-Gro Announces its Support Regarding Bayer's Announcement on Potential Changes for Roundup™ in the Consumer Market
MARYSVILLE, Ohio, May 27, 2021 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG ) said today it welcomes the opportunity to work with Bayer regarding the future of glyphosate-containing Roundup™ products in order to ensure the brand's future in the consumer marketplace. "We are glad to hear Bayer's strong public commitment to the consumer market and Roundup's continued place in it," said Jim Hagedorn, chairman and chief executive officer of ScottsMiracle-Gro. "Roundup is an iconic brand in the lawn and garden industry and has been trusted by consumers for decades. We are confident there are several options, including the use of effective alternative active ingredients, to ensure that remains the case while continuing to meet the needs of homeowners and retailers." Hagedorn emphasized that ScottsMiracle-Gro remains committed as the marketing agent for Roundup. ScottsMiracle-Gro is not a party in the legal issues related to Roundup™ and through its Roundup™ agency agreement with Bayer has indemnity against such legal actions and related costs.