Green Garden Products to Be Acquired by Central Garden & Pet
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NORTON, Mass., Dec. 31, 2020 /PRNewswire/ Green Garden Products, a leading supplier of branded consumable gardening products, announced today that it has signed an agreement to be acquired by Central Garden & Pet (NASDAQ: CENT, CENTA) ( Central ), a market leader in the Garden and Pet industries, for $532 million. The transaction is expected to close in the first calendar quarter of 2021, subject to certain closing conditions, including regulatory approval.
The transaction marks the culmination of Green Garden Products significant growth and continued evolution as a market leader in the gardening segment, particularly in the past six years with the launch of its eCommerce platform, expansion into new categories and its partnership with Freeman Spogli & Co., a leading middle market private equity firm.