CENTRAL GARDEN & PET CO acquired Interpet Limited for approximately $26.7 million (plus approximately $1.1 million working capital), a transaction completed in April 2004, structured as all cash. The deal was a Asset purchase.
Interpet Limited operates in Pet, is based in Surrey, England (United Kingdom / EU), had revenue of about approximately $30 million annual sales. Interpet Limited, based in Surrey, England (a division of Lawrence PLC), is a leading manufacturer and supplier of branded aquatic, pond, pet book and pet supplies products in the United Kingdom and continental European Union under brands including Interpet, Blagdon, PetSafe, Pet Love, Red Rum and Mikki.
Gives Central a strong pet-supply platform in the United Kingdom, expands distribution of existing branded pet products in Europe and adds premium pet brands to the portfolio.
Leading UK aquatics/pet-supply platform providing European distribution reach. Expands distribution of Central's branded pet products into the UK and Europe. Pet segment
This is an excellent strategic acquisition for Central which gives us the opportunity to expand distribution of our existing branded pet products in the United Kingdom and Europe and secures a number of premium pet brands for our portfolio. We are excited about the opportunities that this acquisition will create in the US and Europe and want to welcome this unique and highly respected company to the Central family.Glenn Novotny, President and CEO, Central Garden & Pet
Advisory firms were not disclosed for this transaction.