CENTRAL GARDEN & PET CO acquired D&D Commodities, Ltd. for approximately $88 million (in cash and the assumption of approximately $30 million of long-term debt), a transaction completed in June 2021, structured as all cash plus debt assumption.
D&D Commodities, Ltd. operates in Pet, is based in Canada / United States. 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.
Adds a leading premium bird-feed provider, broadening Central's pet bird and wild-bird-feed offering.
Premium bird-feed franchise expanding Central's bird category. Broadens Central's pet-bird and wild-bird-feed portfolio. Pet segment
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
Advisory firms were not disclosed for this transaction.