Jueves 14 de Diciembre 2017

Central Garden & Pet Acquires K&H Manufacturing

Guía de Regalos

WALNUT CREEK, Calif.–(BUSINESS WIRE)–Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA), a leading
innovator, marketer and producer of quality branded products for the
lawn and garden and pet supplies markets, announced today that it has
purchased K&H Manufacturing, a producer of premium pet supplies and the
largest marketer of heated pet products in the country. K&H sells
branded pet products under the K&H and K&H Pets brands.

K&H produces innovative pet products that span several categories,
including dog and cat, small animal, and farm and ranch. In business for
20 years, K&H’s patented heating products, as well as products with
cooling and other thermal properties, are a strong strategic fit with
Central’s existing pet portfolio. The purchase will enable Central to
offer an even broader variety of products and continued service
excellence to all of Central’s customers.

“K&H has exhibited an excellent history of growth, and we are excited to
work with the K&H management team, who will be staying with the
business, to help it continue to flourish in the years ahead,” said
George Roeth, President & CEO of Central Garden & Pet. “Central and K&H
have a shared passion for bringing consumers high quality, innovative,
value-added products that help pet owners give their pets a more
comfortable and caring environment. Together, we can continue to grow
the category and develop exciting new products.”

About Central Garden & Pet

Central Garden & Pet Company is a leading innovator, marketer and
producer of quality branded products for the lawn & garden and pet
supplies markets. Committed to new product innovation, our products are
sold to specialty independent and mass retailers. Participating
categories in Lawn & Garden include: Grass seed and the brands
PENNINGTON®, and THE REBELS®; wild bird feed and the brand PENNINGTON®;
weed and insect control and the brands AMDRO®, SEVIN®, IRONITE® and
OVER-N-OUT®; and decorative outdoor patio products under the PENNINGTON
® brand. We also provide a host of other regional and
application-specific garden brands and supplies. Participating
categories in Pet include: Animal health and the brands ADAMS™ and
ZODIAC®; aquatics and reptile and the brands AQUEON®, CORALIFE® and
ZILLA®; bird & small animal and the brands KAYTEE®, Forti-Diet® and
CRITTER TRAIL®; dog & cat and the brands TFH™, NYLABONE®, FOUR PAWS®,
IMS™, CADET®, DMC™, SEGREST, PINNACLE® and AVODERM®; and equine and the
brands FARNAM®, HORSE HEALTH™ and VITAFLEX®. We also provide a host of
other application-specific pet brands and supplies. Central Garden & Pet
Company is based in Walnut Creek, California, and has approximately
4,100 employees, primarily in North America. For additional information
on Central Garden & Pet Company, including access to the Company’s SEC
filings, please visit the Company’s website at www.central.com.

“Safe Harbor” Statement under the Private Securities Litigation Reform
Act of 1995: The impact on earnings contained in this release which are
not historical facts, are forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ
materially from those set forth in or implied by forward-looking
statements. All forward-looking statements are based upon the Company’s
current expectations and various assumptions. There are a number of
risks and uncertainties that could cause our actual results to differ
materially from the forward-looking statements contained in this release
including, but not limited to, the following factors:

  • failure of the acquired business to achieve expected results;
  • our ability to integrate the acquired business;
  • seasonality and fluctuations in the Company’s operating results and
    cash flow;
  • fluctuations in market prices for seeds and grains and other raw
    materials and the Company’s ability to pass through cost increases in
    a timely manner;
  • adverse weather conditions;
  • dependence on a small number of customers for a significant portion of
    our business;
  • uncertainty about new product innovations and marketing programs;
  • dependence upon key executives and the ability to execute on our
    succession plan; and
  • competition in our industries.

These risks and others are described in Central’s Securities and
Exchange Commission filings. Central undertakes no obligation to
publicly update these forward-looking statements to reflect new
information, subsequent events or otherwise.

Contacts

Central Garden & Pet Company
Steven Zenker, 925-948-3657
Vice
President of Investor Relations & Communications