Scotts Miracle-Gro has announced that it is no longer in negotiations to join forces with Solus Garden & Leisure and has confirmed it will no longer supply the wholesaler.
Less than two weeks ago, growing media supplier Scotts announced that it was "delighted" with the progress of negotiations. The proposed deal, which was in the process of due diligence and was expected to complete in a matter of weeks, will now not go ahead.

It is understood that Solus was the one to pull out of the deal, despite Scotts feeling it had made a strong offer to acquire the business. No other details are known at this stage.

Scotts Miracle-Gro managing director Martin Breddy said: "Our distribution agreement with Solus has expired. Stock is available via Decco, Stax or Scotts. Customers should contact a Scotts representative to agree new arrangements that suit them best. Our single-minded focus is on delivering outstanding service to all our customers for the balance of the 2014 season."

The company added that no further stock will be dispatched to Solus and that no further Growing Media orders will be invoiced by Solus.

Solus ceo Mark Pearson said: "We are disappointed that our discussions with Scotts have not been fruitful but remain positive about the future of the company. The board and the shareholders are pursuing a number of other options for the business and we will communicate our plans in due course.''