The Scotts Co., Marysville, Ohio, changes its name to The Scotts Miracle-Gro Co., saying it would show off one of its best-known brands and help make investors and others more familiar with its full range of lawn care and gardening products.

"We are more clearly defining ourselves as a branded consumer products company to investors and others who may not be as familiar with our industry," said Jim Hagedorn, chairman and chief executive.

The new name comes with a new holding company structure that the company said gives it more flexibility to grow and provides more legal protection for its businesses and brands. Publicly owned Scotts Miracle-Gro will be the parent company of The Scotts Co. LLC.

Source: Yahoo News