TREES Corporation (CANN)

[DarekSM]

130M Hydrophonics Deal

Scotts Miracle-Gro Co. spent about $130 million to buy California’s General Hydroponics Inc., Columbus Business First has confirmed, marking the company’s biggest acquisition since a European expansion push in the 1990s.

Marysville-based Scotts, through its new subsidiary Hawthorne Gardening Co., announced the acquisition of General Hydroponics last week but did not disclose the purchase price.

Executives said during a recent meeting with analysts, however, that they were close to a $130 million deal in the hydroponics industry. A Scotts spokesman confirmed to me the final purchase price is around that figure