CENTRAL GARDEN & PET CO acquired Hydro-Organics Wholesale, Inc. for Not disclosed (cash plus performance-based contingent consideration through fiscal 2025; earn-out payments capped at one million dollars per year), a transaction completed in October 2015, structured as cash plus contingent consideration (earn-out).
Hydro-Organics Wholesale, Inc. operates in Garden, is based in United States. Hydro-Organics Wholesale, Inc. is a supplier of organic and hydroponic gardening products. Acquired in October 2015, with performance-based contingent payments extending through fiscal 2025.
Expands Central's presence in the organic and hydroponic gardening category.
Foothold in the growing organic and hydroponic gardening category. Expands Central's organic/hydroponic garden product range. Garden segment
The liability for contingent consideration relates in part to future performance-based contingent payments for Hydro-Organics Wholesale, Inc., acquired in October 2015. The performance period related to Hydro-Organics Wholesale extends through fiscal 2025. Payments are capped at $1.0 million per year.Central Garden & Pet, FY21 10-K, Fair Value / Acquisitions disclosure
Advisory firms were not disclosed for this transaction.