Central Garden & Pet Completes Acquisition of Farnam Companies, Inc.
February 28 2006 - 3:01PM
Business Wire
Central Garden & Pet Company (NASDAQ:CENT) today announced that
it has completed the previously announced acquisition of Farnam
Companies, Inc for approximately $287 million, plus $4 million for
the purchase of related real property. Based in Phoenix, Arizona,
Farnam is a leading manufacturer and marketer of innovative health
care products primarily for horses, household pets and livestock
sold through over-the-counter and veterinary channels. In addition
to the internationally recognized Farnam umbrella brand, Farnam's
portfolio of industry leading brands includes Equicare(R),
ComboCare(TM), IverCare(TM), and Repel-X(R) for horses; D-Worm(TM),
BioSpot(R) and Scratchex(R) for household pets; and Adams(TM) and
Bite Free(TM) insect controls for home and yard care. Central
Garden & Pet Company is a leading innovator, marketer and
producer of quality branded products for the pet and lawn and
garden supplies markets. Our pet products include pet bird and
small animal food, aquarium products, flea, tick, mosquito and
other pest control products, edible bones, cages, carriers, pet
books, and other dog, cat, reptile and small animal products. These
products are sold under a number of brand names, including Kaytee,
Super Pet, All-Glass Aquarium, Oceanic, Kent Marine, Energy Savers
Unlimited, Zodiac, Pre-Strike, Altosid, Nylabone, TFH, Four Paws,
Interpet and Breeder's Choice. Our lawn and garden products include
grass seed, wild bird food, weed and insect control products, and
decorative outdoor patio products. These products are sold under a
number of brand names, including Pennington, Norcal Pottery, New
England Pottery, GKI/Bethlehem Lighting, Lilly Miller, Matthews
Four Seasons, Cedar Works, AMDRO, Grant's, Sevin and Over'n Out.
For additional information on Central Garden & Pet, including
access to the Company's SEC filings, please visit the Company's
website at http://www.central.com/.
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