CENTRAL GARDEN & PET CO acquires Arden Companies (remaining 55% interest)
Snapshot
CENTRAL GARDEN & PET CO acquired Arden Companies (remaining 55% interest) for approximately $11 million (for the remaining 55% interest; approximately $36 million of acquired long-term debt subsequently eliminated) in February 2019. The transaction was structured as all cash. Arden Companies (remaining 55% interest) is a United States-based Garden business.
- Acquirer
- CENTRAL GARDEN & PET CO
- Target
- Arden Companies (remaining 55% interest)
- Value
- approximately $11 million (for the remaining 55% interest; approximately $36 million of acquired long-term debt subsequently eliminated)
- Date
- February 2019
- Type
- Step acquisition (to 100%)
- Status
- Ready
The deal at a glance
CENTRAL GARDEN & PET CO acquired Arden Companies (remaining 55% interest) for approximately $11 million (for the remaining 55% interest; approximately $36 million of acquired long-term debt subsequently eliminated), a transaction completed in February 2019, structured as all cash.
Arden Companies (remaining 55% interest) operates in Garden, is based in United States. 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.
Brings the outdoor cushions and pillows business fully in-house, expanding Central's outdoor garden products portfolio.
Leading US outdoor cushions and pillows manufacturer. Adds outdoor decor products to Central's garden portfolio with established big-box distribution. Garden segment
No advisory firms have been disclosed for this transaction.