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Central Garden & Pet Acquires Envincio Assets, Financial Details Not Disclosed

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Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA), a leading innovator, marketer and producer of quality branded products for the lawn and garden and pet supplies markets, announced today that it has purchased certain assets of Envincio LLC, a wholly-owned subsidiary of SantoLubes LLC. The assets acquired include established brands, EPA registration assets, inventory, and trade receivables.

“This acquisition will enable Central to be a key supplier and product innovator in the growing natural insecticides product market, often characterized as EPA-exempt products, as well as expanding offerings in traditional pesticides,” said Frank Jusich, SVP Professional Brands. “The exclusive rights that Central acquired through this transaction will allow us to leverage these patented essential oil blends, along with building our existing business, to best serve the professional pest control markets.”

About Central Garden & Pet

Central Garden & Pet Company is a leading innovator, marketer and producer of quality branded products for the lawn & garden and pet supplies markets. Committed to new product innovation, our products are sold to specialty independent and mass retailers. Participating categories in Lawn & Garden include: Grass seed and the brands PENNINGTON®, SMART SEED® and THE REBELS®; wild bird feed and the brand PENNINGTON®; weed and insect control and the brands AMDRO®, SEVIN®, IRONITE® and OVER-N-OUT®; and decorative outdoor patio products and the brands NORCAL POTTERY®, NEW ENGLAND POTTERY® and MATTHEWS FOUR SEASONS™. We also provide a host of other regional and application-specific garden brands and supplies. Participating categories in Pet include: Animal health and the brands ADAMS™ and ZODIAC®; aquatics and reptile and the brands OCEANIC SYSTEMS®, AQUEON® and ZILLA®; bird & small animal and the brands KAYTEE®, SUPER PET® and CRITTER TRAIL®; dog & cat and the brands TFH™, NYLABONE®, FOUR PAWS®, PINNACLE® and AVODERM®; and equine and the brands FARNAM®, BRONCO® and SUPER MASK®. We also provide a host of other application-specific pet brands and supplies. Central Garden & Pet Company is based in Walnut Creek, California, and has approximately 3,300 employees, primarily in North America. For additional information on Central Garden & Pet Company, including access to the Company's SEC filings, please visit the Company's website at www.central.com.

About SantoLubes LLC

SantoLubes is a manufacturer of proprietary, high performance lubricants and a contract manufacturer of specialty chemicals for other chemical companies.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts, including expectations for future favorable results and lower borrowing costs, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. All forward-looking statements are based upon the Company's current expectations and various assumptions. There are a number of risks and uncertainties that could cause our actual results to differ materially from the forward-looking statements contained in this release including, but not limited to, the following factors:

disruptions in the Company's business; and increased costs and expenses associated with the Company's change initiatives; seasonality and fluctuations in the Company's operating results and cash flow; fluctuations in market prices for seeds and grains and other raw materials and the Company's ability to pass through cost increases in a timely manner; adverse weather conditions; dependence on a small number of customers for a significant portion of our business; uncertainty about new product innovations and marketing programs; and implementation of a new enterprise resource planning information technology system. These risks and others are described in Central's Securities and Exchange Commission filings. Central undertakes no obligation to publicly update these forward-looking statements to reflect new information, subsequent events or otherwise.

Central Garden & Pet Company Steven Zenker, 925-948-3657 Vice President of Investor Relations & Communications

Source: Central Garden & Pet Company

Posted-In: News M&A

 

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