CENTRAL GARDEN & PET CO acquired Bell Nursery for approximately $62 million, a transaction completed in March 2018, structured as all cash.
Bell Nursery operates in Garden, is based in Mid-Atlantic United States. Bell Nursery is a leading grower and distributor of live flowers and plants in the mid-Atlantic region, supplying superior-quality flowers and plants to Home Depot.
Establishes Central as a primary supplier of flowers and plants to Home Depot in the mid-Atlantic region and builds its live-goods platform.
Leading mid-Atlantic live-goods grower with anchor Home Depot relationship. Builds Central's live-plants platform; later combined with Hopewell Nursery to extend Northeast coverage. Garden segment (live goods)
In March 2018, the Company purchased Bell Nursery, a leading grower and distributor of live flowers and plants in the mid-Atlantic region. These plants and flowers are sold by Bell Nursery to Home Depot in the mid-Atlantic region. During fiscal 2018 the Company acquired Bell Nursery for approximately $62 million.Central Garden & Pet, FY18/FY20 10-K, Business and Acquisitions disclosures
Advisory firms were not disclosed for this transaction.