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Central Garden Purchases Green Garden
Central Garden & Pet has agreed to buy
Green Garden Products, previously known as
Plantation Products, for $532 million from private equity firm
Freeman Spogli & Co.
Green offers vegetable, herb and flower seed packets, seed starters and plant nutrients in North America. “Adding Green Garden’s well-known and trusted seed and seed starting brands for vegetables, herbs and flower gardens will expand our portfolio into an attractive adjacent garden category and will strengthen our footprint with key retail customers.” says Central CEO
Tim Cofer. Central produces pet and garden products.
William Blair is financial advisor to Green and
Central Garden & Pet To Acquire Green Garden - Press Release
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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.