CENTRAL GARDEN & PET CO acquired DoMyOwn for approximately $81 million, a transaction completed in December 2020, structured as all cash.
DoMyOwn operates in Garden, is based in United States. DoMyOwn is a leading and fast-growing online retailer of professional-grade control products, with strong eCommerce fulfillment and digital capabilities.
Strengthens Central's position in the control products category and adds a leading online fulfillment and digital capability.
Fast-growing eCommerce platform in professional-grade control products. Adds online fulfillment and digital capability to Central's control products business. Garden segment
On December 18, 2020, the Company acquired DoMyOwn, a leading online retailer of professional-grade control products, for approximately $81 million. The acquisition strengthens the Company's position in the control products category and adds a leading online fulfillment and digital capability. The purchase price exceeded the estimated fair value of the net tangible assets acquired by approximately $80.4 million, of which $11.9 million was allocated to identified intangible assets and approximately $68.5 million was included in goodwill.Central Garden & Pet, FY21 10-K, Acquisitions note
Advisory firms were not disclosed for this transaction.