Deal

CENTRAL GARDEN & PET CO acquires D&D Commodities, Ltd.

June 2021 Full acquisition Ready

Snapshot

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) in June 2021. The transaction was structured as all cash plus debt assumption. D&D Commodities, Ltd. is a Canada / United States-based Pet business.

Acquirer
CENTRAL GARDEN & PET CO
Target
D&D Commodities, Ltd.
Value
approximately $88 million (in cash and the assumption of approximately $30 million of long-term debt)
Date
June 2021
Type
Full acquisition
Status
Ready
01 Scorecard

The deal at a glance

Private-market deal
CENTRAL GARDEN & PET CO acquires D&D Commodities, Ltd.
Deal value
approximately $88 million (in cash and the assumption of approximately $30 million of long-term debt)
Sector
Pet
Date
June 2021
VectorShift
Made on VectorShift

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. D&D Commodities, Ltd. is a leading provider of high-quality, premium bird feed.

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
Advisors not disclosed

No advisory firms have been disclosed for this transaction.

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