Deal

CENTRAL GARDEN & PET CO acquires TDBBS, LLC

November 2023 Full acquisition Ready

Snapshot

CENTRAL GARDEN & PET CO acquired TDBBS, LLC for approximately $60 million in November 2023. The transaction was structured as all cash. TDBBS, LLC is a United States-based Pet business.

Acquirer
CENTRAL GARDEN & PET CO
Target
TDBBS, LLC
Value
approximately $60 million
Date
November 2023
Type
Full acquisition
Status
Ready
01 Scorecard

The deal at a glance

Private-market deal
CENTRAL GARDEN & PET CO acquires TDBBS, LLC
Deal value
approximately $60 million
Sector
Pet
Date
November 2023
VectorShift
Made on VectorShift

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
Advisors not disclosed

No advisory firms have been disclosed for this transaction.

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