CENTRAL GARDEN & PET CO acquires Hopewell Nursery
Snapshot
CENTRAL GARDEN & PET CO acquired Hopewell Nursery for approximately $81 million in December 2020. The transaction was structured as all cash. Hopewell Nursery is a Northeastern United States-based Garden business.
- Acquirer
- CENTRAL GARDEN & PET CO
- Target
- Hopewell Nursery
- Value
- approximately $81 million
- Date
- December 2020
- Type
- Asset purchase
- Status
- Ready
The deal at a glance
CENTRAL GARDEN & PET CO acquired Hopewell Nursery for approximately $81 million, a transaction completed in December 2020, structured as all cash. The deal was a Asset purchase.
Hopewell Nursery operates in Garden, is based in Northeastern United States. Hopewell Nursery is a leading live-goods grower of flowers, shrubs and plants serving home and garden centers across the Northeast. Central purchased substantially all of Hopewell Nursery's assets.
Strengthens the Company's position as a leading live-goods provider in the garden category, complementing Bell Nursery in the Northeast and mid-Atlantic.
Leading live-goods grower extending Central's plant-supply position in the Northeast. Combined with Bell Nursery, makes Central the primary plant supplier to Home Depot across the Northeast and mid-Atlantic. Garden segment (live goods)
No advisory firms have been disclosed for this transaction.