CENTRAL GARDEN & PET CO acquires Gulfstream Home & Garden, Inc.
Snapshot
CENTRAL GARDEN & PET CO acquired Gulfstream Home & Garden, Inc. for approximately $22 million (plus possible performance-based payments) in February 2005. The transaction was structured as all cash. Gulfstream Home & Garden, Inc. is a United States-based Garden business.
- Acquirer
- CENTRAL GARDEN & PET CO
- Target
- Gulfstream Home & Garden, Inc.
- Value
- approximately $22 million (plus possible performance-based payments)
- Date
- February 2005
- Type
- Full acquisition
- Status
- Ready
The deal at a glance
CENTRAL GARDEN & PET CO acquired Gulfstream Home & Garden, Inc. for approximately $22 million (plus possible performance-based payments), a transaction completed in February 2005, structured as all cash.
Gulfstream Home & Garden, Inc. operates in Garden, is based in United States. 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.
Complements Central's strategy to market and sell premium garden and pet brands while strengthening access to leading active ingredients.
Exclusive marketing rights to leading active-ingredient garden control brands. Strengthens access to leading active ingredients across Central's garden control portfolio. Garden segment
No advisory firms have been disclosed for this transaction.