CENTRAL GARDEN & PET CO acquires Energy Savers Unlimited, Inc. (ESU)
Snapshot
CENTRAL GARDEN & PET CO acquired Energy Savers Unlimited, Inc. (ESU) for approximately $34 million (plus possible contingent consideration) in August 2004. The transaction was structured as all cash. Energy Savers Unlimited, Inc. (ESU) is a Southern California-based Pet business.
- Acquirer
- CENTRAL GARDEN & PET CO
- Target
- Energy Savers Unlimited, Inc. (ESU)
- Value
- approximately $34 million (plus possible contingent consideration)
- Date
- August 2004
- Type
- Asset purchase
- Status
- Ready
The deal at a glance
CENTRAL GARDEN & PET CO acquired Energy Savers Unlimited, Inc. (ESU) for approximately $34 million (plus possible contingent consideration), a transaction completed in August 2004, structured as all cash. The deal was a Asset purchase.
Energy Savers Unlimited, Inc. (ESU) operates in Pet, is based in Southern California, had revenue of about approximately $20 million net sales (2003). 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.
Further leverages Central's leadership position in aquariums, adding a third premium consumable and accessory supplier to its aquatics portfolio.
Market-leading aquarium-lighting and aquatics accessory franchise with strong innovation history. Adds a premium consumable/accessory supplier to Central's aquatics portfolio (All-Glass, Oceanic, Kent Marine, Interpet). Pet segment (aquatics)
No advisory firms have been disclosed for this transaction.