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
The acquisition of Gulfstream complements our strategy to market and sell premium garden and pet brands while strengthening our access to leading active ingredients. Sevin is the leading broad-based lawn and garden insecticide. Over'n Out! is a leading fire ant control product, and RooTone is a leading root stimulant for the gardening enthusiast.Glenn Novotny, President and CEO, Central Garden & Pet
Advisory firms were not disclosed for this transaction.