CENTRAL GARDEN & PET CO acquired TDBBS, LLC for approximately $60 million, a transaction completed in November 2023, structured as all cash.
TDBBS, LLC operates in Pet, is based in United States. TDBBS, LLC is a provider of premium natural dog chews and treats, with a presence in bully and collagen sticks, bones and jerky, and strong eCommerce/direct-to-consumer and digital capabilities.
The addition of TDBBS expands Central's portfolio with bully and collagen sticks, bones and jerky, adds scale to the dog and cat business and enhances eCommerce and direct-to-consumer capabilities.
Premium natural dog-chews-and-treats brand with strong eCommerce/DTC capabilities. Adds scale to the dog and cat business and enhances eCommerce and digital capabilities. Pet segment
On November 3, 2023, the Company acquired TDBBS, LLC (“TDBBS”), a provider of premium natural dog chews and treats for approximately $60 million. The addition of TDBBS expands Central's portfolio with bully and collagen sticks, bones and jerky, adds scale to the dog and cat business and enhances eCommerce and direct-to-consumer capabilities. The purchase price exceeded the estimated fair value of the net tangible assets acquired by approximately $45 million, of which $23 million was allocated to identified intangible assets and approximately $5 million was included in goodwill.Central Garden & Pet, FY24 10-K, Acquisitions note
Advisory firms were not disclosed for this transaction.