CENTRAL GARDEN & PET CO acquires Tech Pac, L.L.C. (majority equity interest)
Snapshot
CENTRAL GARDEN & PET CO acquired Tech Pac, L.L.C. (majority equity interest) for Not disclosed (within Central's stated criteria of 5-to-7x trailing twelve months operating income) in March 2006. The transaction was structured as all cash. Tech Pac, L.L.C. (majority equity interest) is a United States-based Garden business.
- Acquirer
- CENTRAL GARDEN & PET CO
- Target
- Tech Pac, L.L.C. (majority equity interest)
- Value
- Not disclosed (within Central's stated criteria of 5-to-7x trailing twelve months operating income)
- Date
- March 2006
- Type
- Majority equity acquisition
- Status
- Ready
The deal at a glance
CENTRAL GARDEN & PET CO acquired Tech Pac, L.L.C. (majority equity interest) for Not disclosed (within Central's stated criteria of 5-to-7x trailing twelve months operating income), a transaction completed in March 2006, structured as all cash.
Tech Pac, L.L.C. (majority equity interest) operates in Garden, is based in United States. Tech Pac, L.L.C. is a leading supplier of insect-control branded products in the lawn and garden marketplace, including Sevin (broad-based insecticide), Over'n Out! (fire ant control) and RooTone (root stimulant). Central increased its equity interest from 20% to 80%.
Increased investment strengthens Central's portfolio of leading lawn & garden control brands and access to next-generation active-ingredient technologies.
Control of active-ingredient supply behind Central's leading garden control brands. Greater control over next-generation active-ingredient technology and brand awareness. Garden segment
No advisory firms have been disclosed for this transaction.