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Operator Ladies and gentlemen, thank you for standing by. Welcome to Central Garden & Pet s Fiscal 2021 Second Quarter Earnings Call. [Operator Instructions] As a reminder, this conference call is being recorded. I would now like to turn the call over to Friederike Edelmann, Vice President, Investor Relations. Please go ahead. Friederike Edelmann Vice President, Investor Relations Thank you, David. Good afternoon, everyone. Thank you for joining us. With me on the call today are Tim Cofer, Chief Executive Officer; Niko Lahanas, Chief Financial Officer; J.D. Walker, President, Garden Consumer Products; and John Hanson, President, Pet Consumer Products. Tim will begin with a business update, and Niko will discuss our Q2 results and our outlook for fiscal 2021 in more detail. After the prepared remarks, J. D. and John will join us for the management Q&A. Our press release providing the results for our second quarter ended March 27, 2021, and related materials are a ....
Posted on 174 Central Garden & Pet (NASDAQ: CENT, CENTA) (“Central”), a market leader in the garden and pet industries, announced today that it closed the previously announced acquisition of Green Garden Products (“Green Garden”), formerly known as Plantation Products, from private-equity firm Freeman Spogli & Co. Green Garden, headquartered in Norton, Mass., is a leading provider of vegetable, herb and flower seed packets, seed starters and plant nutrients in North America, shipping over 250 million seed packets annually. “By adding Green Garden’s leading brands for vegetable, herb and flower seed and seed starter packages, we are entering an important adjacent category in the garden segment,” Tim Cofer, CEO of Central Garden & Pet said. “With Green Garden now being an official part of the Central team, we look forward to growing their business, leveraging our strong merchandising, brand bui ....
Central Garden & Pet (NASDAQ: CENT, CENTA), a Walnut Creek, California-based market leader in the Garden and Pet industries, is to acquire Green Garden Products, previously known as Plantation Products, for $532m from private equity firm Freeman Spogli & Co and other shareholders. The transaction is expected to close in the second quarter of fiscal 2021, subject to customary closing conditions, including regulatory approval. The addition of Green Garden’s brands will expand the Central portfolio into an adjacent category and strengthen the company’s relationship with major retailers. Led by Michael Pietrasiewicz, President and CEO, and headquartered in Norton, Mass., Green Garden Products is a provider of vegetable, herb and flower seed packets, seed starters and plant nutrients in North America, shipping over 250 million seed packets annually. The company’s portfolio of brands includes Ferry-Morse® Home Gardening, Jiffy® Seed Starting, SUPERthrive® Pla ....
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 ....
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