The Scotts Miracle-Gro Company (NYSE:SMG) acquired True Liberty Bags for $10.1 million on December 23, 2021. The valuation of the acquired assets included (i) $1.1 million of inventory, (ii) $5.8 million of finite-lived identifiable intangible assets and (iii) $3.2 million of tax-deductible goodwill. Identifiable intangible assets included tradenames and customer relationships with useful lives ranging between 15 and 20 years.

The Scotts Miracle-Gro Company (NYSE:SMG) completed the acquisition of True Liberty Bags on December 23, 2021.