Scotts' Eye is on the Lawn-Care Business--and a Chief Rival
<b></b>
Marysville, Ohio--Scotts Co. thinks it can grow itsbudding LawnService division into a $740 million-a-year business inthe next decade. With more than 40 acquisitions under its belt,double-digit yearly sales increases and the strength of the Scottsname from its lawn-care products business, the company isn'tinterested in becoming just a formidable player in the $3.6billion-a-year industry. It's going after the largest player inthe market. -TruGreen ChemLawn
The residential lawn service business is highly fragmented.TruGreen is the dominant player, pulling in annual revenue of about$900 million for its core lawn- and tree-care business. Since itsfounding in 1997, Scotts LawnService has established a presence in46 markets and generated sales of $42 million last fiscal year. Thecompany wants to be in the top 100 lawn-service markets by the endof 2007, and acquisitions are getting it there. -ColumbusBusiness First
Entrepreneur Editors' Picks
-
This Co-Founder Was Kicked Out of Retailers for Pitching a 'Taboo' Beauty Product. Now, Her Multi-Million-Dollar Company Sells It for More Than $20 an Ounce.
-
Have You Ever Obsessed Over 'What If'? According to Scientists, You Don't Actually Know What Would Have Fixed Everything.
-
After He Was Fired From the UFC, This Former Fighter Turned His Passion Into a Thriving Business
-
Most People Don't Know These 2 Things Are Resume Red Flags. A Career Expert Reveals How to Work Around Them.
-
How One Woman Turned Pandemic-Induced Boredom and a Makeshift Garage Art Studio Into a Thriving Franchise
-
Use These 4 Self-Care Rituals for More Resilience and Less Depletion
-
Shark Tank's Barbara Corcoran Wants to Invest in 'Someone Who Probably Needs a Good Shrink Instead of a Business'
