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Announced

Completed

Central Garden & Pet completed the acquisition of Green Garden Products from Freeman Spogli $532m.

Financials

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Transaction Value£389m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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gardening products

Friendly

United States

Private Equity

Acquisition

Single Bidder

Private

Majority

Domestic

Chemicals: Diversified

Completed

Synopsis

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Central Garden & Pet, a gardening products and pet products provider, completed the acquisition of Green Garden Products, a supplier of branded consumable gardening products, from Freeman Spogli, a private equity firm, $532m. "As a company that has historically focused on the early season gardener, we feel that this combination can now provide an opportunity to deliver new products and experiences throughout the entire journey of the gardener. In addition, this transaction is a testament to the outstanding work of our associates and our management team, and an acknowledgement of the excellent partnerships that we have established with our retail customers, suppliers, and Freeman Spogli & Co., who, in particular, has been an excellent and very supportive partner over the last six years," Michael Pietrasiewicz, Green Garden Products President and CEO.

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