Central Garden & Pet Acquires K&H Manufacturing
May 01 2017 - 12:00PM
Business Wire
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 K&H Manufacturing, a
producer of premium pet supplies and the largest marketer of heated
pet products in the country. K&H sells branded pet products
under the K&H and K&H Pets brands.
K&H produces innovative pet products that span several
categories, including dog and cat, small animal, and farm and
ranch. In business for 20 years, K&H’s patented heating
products, as well as products with cooling and other thermal
properties, are a strong strategic fit with Central’s existing pet
portfolio. The purchase will enable Central to offer an even
broader variety of products and continued service excellence to all
of Central’s customers.
“K&H has exhibited an excellent history of growth, and we
are excited to work with the K&H management team, who will be
staying with the business, to help it continue to flourish in the
years ahead," said George Roeth, President & CEO of Central
Garden & Pet. “Central and K&H have a shared passion for
bringing consumers high quality, innovative, value-added products
that help pet owners give their pets a more comfortable and caring
environment. Together, we can continue to grow the category and
develop exciting new products.”
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®, 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 under the PENNINGTON ® brand. 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 AQUEON®, CORALIFE® and ZILLA®; bird &
small animal and the brands KAYTEE®, Forti-Diet® and CRITTER
TRAIL®; dog & cat and the brands TFH™, NYLABONE®, FOUR PAWS®,
IMS™, CADET®, DMC™, SEGREST, PINNACLE® and AVODERM®; and equine and
the brands FARNAM®, HORSE HEALTH™ and VITAFLEX®. 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 4,100 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.
“Safe Harbor” Statement under the Private Securities Litigation
Reform Act of 1995: The impact on earnings contained in this
release which are not historical facts, 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:
- failure of the acquired business to
achieve expected results;
- our ability to integrate the acquired
business;
- 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;
- dependence upon key executives and the
ability to execute on our succession plan; and
- competition in our industries.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170501005846/en/
Central Garden & Pet CompanySteven Zenker, 925-948-3657Vice
President of Investor Relations & Communications
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