Standard&Poor's said today The Scotts Co.'s (BB/Stable/--) announcement that it has acquired substantially all of the lawn care operations of Centex HomeTeam Services, a division of Centix Corp., will not affect the ratings or outlook. Although financial terms of the transaction were not disclosed, Standard&Poor's does not expect the acquisition to have an impact on Scotts' improved credit measures. The acquisition of Centex's lawn service business represents the largest for Scotts in its growing lawn service business and will significantly increase Scotts' presence in this market in the southern U.S.
