CENTRAL GARDEN & PET CO acquisition history.

By adding Green Garden's leading brands for vegetable, herb and flower seed and seed starter packages, we are entering an important adjacent category in the garden segment. With Green Garden now being an official part of the Central team, we look forward to growing their business, leveraging our strong merchandising, brand building and digital capabilities.

We are excited to bring our existing seed and seed starter business to Central Garden & Pet. Our quest for innovative ideas which leads us to develop new products that help home gardeners and outdoor hobbyists enjoy their passion and be more successful coupled with Central's expertise in the lawn and garden segment will be key to grow our business further.

The acquisition of Gulfstream complements our strategy to market and sell premium garden and pet brands while strengthening our access to leading active ingredients. Sevin is the leading broad-based lawn and garden insecticide. Over'n Out! is a leading fire ant control product, and RooTone is a leading root stimulant for the gardening enthusiast.

Our increased investment in Tech Pac strengthens our portfolio of leading lawn & garden control brands. The majority interest enables us to increase the awareness of both the Sevin, Over'n Out! and RooTone brands and our access to next generation active ingredient technologies to develop and introduce new control products with superior efficacy.

ESU is a leader in its product categories with a strong history of innovative new products and technology. The acquisition of ESU further leverages our leadership position in aquariums, adding a third premium consumable and accessory supplier to our aquatics portfolio.

We are delighted to include the Rebel and Palmer's Pride brands into our premier portfolio. Additionally, Budd Seed and Pennington Seed have an excellent track record of doing business together and we are excited to have the Budd Seed management team join our company.

The acquisition of the Rebel brand is an exciting development for our major retail customers. Rebel enables us to offer a variety of programs, featuring one of the most respected brands of premium grass seed, to a broader base of consumers.

This is an excellent strategic acquisition for Central which gives us the opportunity to expand distribution of our existing branded pet products in the United Kingdom and Europe and secures a number of premium pet brands for our portfolio. We are excited about the opportunities that this acquisition will create in the US and Europe and want to welcome this unique and highly respected company to the Central family.

On November 3, 2023, the Company acquired TDBBS, LLC (“TDBBS”), a provider of premium natural dog chews and treats for approximately $60 million. The addition of TDBBS expands Central's portfolio with bully and collagen sticks, bones and jerky, adds scale to the dog and cat business and enhances eCommerce and direct-to-consumer capabilities. The purchase price exceeded the estimated fair value of the net tangible assets acquired by approximately $45 million, of which $23 million was allocated to identified intangible assets and approximately $5 million was included in goodwill.

On December 18, 2020, the Company acquired DoMyOwn, a leading online retailer of professional-grade control products, for approximately $81 million. The acquisition strengthens the Company's position in the control products category and adds a leading online fulfillment and digital capability. The purchase price exceeded the estimated fair value of the net tangible assets acquired by approximately $80.4 million, of which $11.9 million was allocated to identified intangible assets and approximately $68.5 million was included in goodwill.

On December 31, 2020, the Company purchased substantially all of the assets of Hopewell Nursery, a leading live goods grower serving home and garden centers across the Northeast, for approximately $81 million. The purchase price exceeded the estimated fair value of the net tangible assets acquired by approximately $15 million, of which approximately $4.1 million was allocated to identified intangible assets and approximately $10.9 million was included in goodwill. With Bell Nursery as well as Hopewell Nursery, the Company is the primary supplier of superior quality flowers, shrubs and other plants to Home Depot in the Northeast and mid-Atlantic region.

On June 30, 2021, the Company purchased D&D Commodities, Ltd., a provider of high-quality, premium bird feed, for approximately $88 million in cash and the assumption of approximately $30 million of long-term debt. The purchase price exceeded the estimated fair value of the net tangible assets acquired by approximately $99 million, of which $64 million was allocated to identified intangible assets and approximately $34 million was included in goodwill.

In May 2019, the Company purchased C&S Products, a manufacturer of suet and other wild bird feed products, for approximately $30.0 million. The purchase price exceeded the estimated fair value of the net tangible assets acquired by approximately $15.8 million, of which $10.9 million was allocated to identified intangible assets and approximately $4.9 million was included in goodwill.

During the second quarter of fiscal 2019, the Company acquired the remaining 55% interest in Arden Companies for approximately $11 million. Subsequent to the acquisition, approximately $36 million of cash was used to eliminate most of the acquired long-term debt. Financial results of Arden have been included in the results of operations within the Garden segment since the date of acquisition of the remaining 55% interest.

In April 2018, the Company purchased substantially all of the assets of General Pet Supply, a leading Midwestern U.S. supplier of pet products, for approximately $24.3 million. The acquisition expands our pet food distribution business and provides us with access to the veterinary channel.

In March 2018, the Company purchased Bell Nursery, a leading grower and distributor of live flowers and plants in the mid-Atlantic region. These plants and flowers are sold by Bell Nursery to Home Depot in the mid-Atlantic region. During fiscal 2018 the Company acquired Bell Nursery for approximately $62 million.

During the third fiscal quarter of 2017, the Company acquired K&H Manufacturing for approximately $48 million.

During the first fiscal quarter of 2017, the Company acquired Segrest, Inc., a wholesaler of aquarium fish, for total aggregate consideration of $60 million. The acquisition added live fish and small animals supplied to pet specialty and mass merchandiser stores in the U.S.

The liability for contingent consideration relates in part to future performance-based contingent payments for Hydro-Organics Wholesale, Inc., acquired in October 2015. The performance period related to Hydro-Organics Wholesale extends through fiscal 2025. Payments are capped at $1.0 million per year.