Central Garden & Pet Acquires DoMyOwn.com
January 05 2021 - 4:15PM
Business Wire
Transaction Adds eCommerce and Digital
Capabilities to Central; Builds Scale in the Professional-Grade
Control Product Category
Central Garden & Pet (NASDAQ: CENT, CENTA) (“Central”), a
market leader in the Garden and Pet industries, announced today
that it has acquired DoMyOwn.com (“DoMyOwn”), a leading and
fast-growing online retailer of professional-grade control products
in the United States. The addition of DoMyOwn’s professional-grade
control business strengthens the Company’s position in the control
product category. In addition, it brings to Central a best-in-class
eCommerce fulfillment platform and digital capabilities
strengthening the Company’s ability to service the growing
eCommerce needs of both consumers and retail customers’ omnichannel
platforms.
“We are pleased to welcome DoMyOwn into the Central Garden &
Pet organization,” said Tim Cofer, CEO of Central. “Our new Central
to Home strategy is focused on meeting consumer needs,
strengthening customer partnerships, building scale in core
categories and adding key digital capabilities. Combining DoMyOwn’s
leading online platform for eCommerce fulfillment with our
leadership in pest control products is another exciting step in
executing our strategy.”
Family-owned by Michael and Philip Gossling, DoMyOwn was founded
in Norcross, GA, in 2004, initially focusing on selling
professional-grade control products online. The company added turf
and ornamental products in 2012. In 2017, DoMyOwn expanded its
geographic footprint with warehouse additions in Utah and expanded
into pet and equine products. With a digitally driven management
team and approximately 70 employees passionate about customer
service, the company is one of the largest dedicated online and
wholesale supplier of professional-grade control products for
do-it-yourself consumers.
“We founded the company with one mission: to provide our
customers and their families with the most effective solution to
fight their immediate pest problem,” said Michael Gossling,
co-founder and CEO of DoMyOwn. “We are thrilled to bring our
expertise in online retail and fulfilment and our strong consumer
focus to Central Garden & Pet.”
The transaction closed on December 18, 2020. Purchase price and
other terms of the transaction were not disclosed.
About Central Garden & Pet
Central Garden & Pet (NASDAQ: CENT, CENTA) understands that
home is central to life and has proudly nurtured happy and healthy
homes for over 40 years. With 2020 net sales of $2.7 billion,
Central is on a mission to lead the future of the pet and garden
industries. The Company’s innovative and trusted products are
dedicated to help lawns grow greener, gardens bloom bigger, pets
live healthier and communities grow stronger. Central is home to a
leading portfolio of more than 65 high-quality brands including
Pennington, Nylabone, Kaytee, Amdro and Aqueon, strong
manufacturing and distribution capabilities and a passionate,
entrepreneurial growth culture. Central Garden & Pet is based
in Walnut Creek, California and has over 6,300 employees across
North America and Europe. For additional information about Central,
please visit the Company’s website at www.central.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of applicable securities laws. All statements, other
than statements of historical fact, could be deemed forward-looking
statements. Statements in this press release concerning Central’s
business, strategy and focus; the acquisition of DoMyOwn.com; the
ability to build scale in the pest control category and add key
digital capabilities; and our overall future prospects are
forward-looking statements that involve a number of uncertainties
and risks. Actual results or events could differ materially from
those anticipated in those forward-looking statements as a result
of several factors, including, without limitation, our ability to
close the contemplated acquisition in a timely basis or at all, our
ability to integrate the acquired company, potential benefits of
the transaction to Central and our customers, and other factors
listed in our annual report on Form 10-K filed with the Securities
and Exchange Commission. All statements made in this press release
are made only as of the date of this press release. Central
undertakes no obligation to update the information in this press
release in the event facts or circumstances subsequently change
after the date of this press release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210105005859/en/
Investor Relations Contact
Friederike Edelmann (925) 412-6726 fedelmann@central.com
Media Relations Contact
Liz Nunan (925) 878-9465 lnunan@central.com
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