CENTRAL GARDEN & PET acquisition history

Green Garden Products (formerly Plantation Products), headquartered in Norton, Massachusetts, is the leading provider of vegetable, herb and flower seed packets, seed starters and plant nutrients in North America, shipping over 250 million seed packets annually and distributing more than 3,500 SKUs to over 70,000 retail locations. Acquired from private-equity firm Freeman Spogli & Co. approximately $532 million (announced); finalized at approximately $571 million.

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.Tim Cofer — CEO, Central Garden & Pet

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.Michael Pietrasiewicz — President and CEO, Green Garden

Farnam Companies, Inc. is a leading marketer and manufacturer of equine and other animal health products and consumer pest-control products. approximately $287 million.

Gulfstream Home & Garden, Inc. is the exclusive marketer of the leading garden product brands Sevin, Over'n Out! and RooTone through its relationship with Tech Pac, L.L.C., a supplier of insect-control products. The deal also brought Gulfstream's 20% equity interest in Tech Pac. approximately $22 million (plus possible performance-based payments).

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.Glenn Novotny — President and CEO, Central Garden & Pet

Tech Pac, L.L.C. is a leading supplier of insect-control branded products in the lawn and garden marketplace, including Sevin (broad-based insecticide), Over'n Out! (fire ant control) and RooTone (root stimulant). Central increased its equity interest from 20% to 80%. Not disclosed (within Central's stated criteria of 5-to-7x trailing twelve months operating income).

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.Glenn Novotny — President and CEO, Central Garden & Pet

Energy Savers Unlimited, Inc. is the market-leading U.S. supplier of high-intensity and specialty lighting to aquatics, reptile and avian hobbyists, also marketing reptile, marine, freshwater and avian accessories under brands including Energy Savers, Coralife, Pondlife and Birdlife. approximately $34 million (plus possible contingent consideration).

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.Glenn Novotny — President and CEO, Central Garden & Pet

KRB Seed Company, LLC (dba Budd Seed), based in Winston-Salem, North Carolina, is a leading provider of high-quality grass seed brands directed primarily toward major retail outlets under the Rebel and Palmer's Pride brands, with a strong regional presence in the Southeastern United States.

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.Glenn Novotny — President and CEO, Central Garden & Pet

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.Brooks Pennington III — President, Pennington Seed

Interpet Limited, based in Surrey, England (a division of Lawrence PLC), is a leading manufacturer and supplier of branded aquatic, pond, pet book and pet supplies products in the United Kingdom and continental European Union under brands including Interpet, Blagdon, PetSafe, Pet Love, Red Rum and Mikki. approximately $26.7 million (plus approximately $1.1 million working capital).

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.Glenn Novotny — President and CEO, Central Garden & Pet

New England Pottery Co., Inc., based in Foxboro, Massachusetts (a portfolio company of Heritage Partners), markets and sells decorative pottery and seasonal Christmas products under the New England Pottery and GKI/Bethlehem Lighting brands.

TDBBS, LLC is a provider of premium natural dog chews and treats, with a presence in bully and collagen sticks, bones and jerky, and strong eCommerce/direct-to-consumer and digital capabilities. approximately $60 million.

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.Central Garden & Pet — FY24 10-K, Acquisitions note

DoMyOwn is a leading and fast-growing online retailer of professional-grade control products, with strong eCommerce fulfillment and digital capabilities. approximately $81 million.

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.Central Garden & Pet — FY21 10-K, Acquisitions note

Hopewell Nursery is a leading live-goods grower of flowers, shrubs and plants serving home and garden centers across the Northeast. Central purchased substantially all of Hopewell Nursery's assets. approximately $81 million.

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.Central Garden & Pet — FY21 10-K, Acquisitions note

Central Garden & Pet acquired D&D Commodities Ltd., a Stephen, Minnesota-based maker of premium wild bird feed, in a transaction that closed on June 30, 2021. The company paid roughly $88 million in cash and assumed about $30 million of long-term debt. Adding D&D's brands broadened Central's bird feed portfolio and deepened its relationships with major retail partners. approximately $88 million (in cash and the assumption of approximately $30 million of long-term debt).

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.Central Garden & Pet — FY21 10-K, Acquisitions note

C&S Products is a manufacturer of suet and other wild bird feed products. approximately $30 million.

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.Central Garden & Pet — FY21 10-K, Acquisitions note

Arden Companies is a leading manufacturer and marketer of outdoor cushions and pillows in the United States, sold as private label through the largest big-box stores and as signature products. Central acquired the remaining 55% interest to take full ownership. approximately $11 million (for the remaining 55% interest; approximately $36 million of acquired long-term debt subsequently eliminated).

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.Central Garden & Pet — FY21 10-K, Acquisitions note

General Pet Supply is a leading Midwestern U.S. supplier/distributor of pet products. Central purchased substantially all of its assets. approximately $24.3 million.

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.Central Garden & Pet — FY18 10-K, Acquisitions note

Bell Nursery is a leading grower and distributor of live flowers and plants in the mid-Atlantic region, supplying superior-quality flowers and plants to Home Depot. approximately $62 million.

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.Central Garden & Pet — FY18/FY20 10-K, Business and Acquisitions disclosures

K&H Manufacturing is a maker of pet products, including heated pet beds and other pet comfort products. Acquired in the third fiscal quarter of 2017. approximately $48 million.

During the third fiscal quarter of 2017, the Company acquired K&H Manufacturing for approximately $48 million.Central Garden & Pet — FY18/FY19 10-K, MD&A acquisitions disclosure

Segrest, Inc. is a wholesaler of aquarium fish, supplying live fish and small animals to pet specialty and mass-merchandiser stores in the U.S. Acquired in the first fiscal quarter of 2017 (October 2016). total aggregate consideration of approximately $60 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.Central Garden & Pet — FY18 10-K, MD&A and Business disclosures

Hydro-Organics Wholesale, Inc. is a supplier of organic and hydroponic gardening products. Acquired in October 2015, with performance-based contingent payments extending through fiscal 2025. Not disclosed (cash plus performance-based contingent consideration through fiscal 2025; earn-out payments capped at one million dollars per year).

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.Central Garden & Pet — FY21 10-K, Fair Value / Acquisitions disclosure

Central Garden & Pet acquired the U.S. assets of Champion USA, a cattle fly-control company known for its proprietary JustiFLY line of EPA-approved feed-through products. Champion has served the livestock industry for more than 15 years, supporting over 300,000 cattle producers and treating more than 50 million head of cattle. Its employees joined Central's Professional business unit; JustiFLY products are blended and packaged in St. Joseph, Missouri.

Central Garden & Pet agreed to purchase the pet bedding business and certain other assets of National Consumers Outdoors Corp., formerly known as Dallas Manufacturing Company (DMC), an industry-leading dog and cat bedding company. DMC's management team joined Central. Bedding was described as the fifth-largest category in dog and cat supplies at the time.

Central Garden & Pet purchased certain assets of Envincio LLC, a wholly owned subsidiary of SantoLubes LLC. The acquired assets included established brands, EPA registration assets, inventory and trade receivables, along with exclusive rights to patented essential-oil blends used in natural, EPA-exempt insecticides. SantoLubes is a manufacturer of proprietary high-performance lubricants and specialty chemicals.

Central Garden & Pet purchased the remaining majority interest in New York-based FourStar Microbial Products, LLC to complement its mosquito-control business. FourStar's microbial products are derived from naturally occurring soil bacteria and prevent juvenile mosquitoes from emerging into biting, disease-spreading adults, with residual activity of 7 to 180 days in granule and briquet formats.

Central Garden & Pet acquired the rights to the Ironite brand of natural soil supplements and related intellectual property. Ironite, a registered trademark since 1956, is a leading producer of environmentally friendly soil supplements that promote healthy plant color and deeper root structures. Central had historically served as Ironite's leading distributor, and founder Heinz Brungs continued working with Central on future products. Approximately $6 million.

Central Garden & Pet acquired Chicago-based Pets International, Ltd., a leading supplier of innovative small animal and specialty pet supplies including homes, habitats, exercise toys, feeding devices and chews marketed under the Super Pet brand. Founder and President Bob Krause and his team continued with the business. Pets International's 2004 net sales were approximately $36 million. Approximately $35 million.