CENTRAL GARDEN & PET CO acquires Energy Savers Unlimited, Inc. (ESU)

CENTRAL GARDEN & PET CO acquired Energy Savers Unlimited, Inc. (ESU) for approximately $34 million (plus possible contingent consideration), a transaction completed in August 2004, structured as all cash. The deal was a Asset purchase.

Energy Savers Unlimited, Inc. (ESU) operates in Pet, is based in Southern California, had revenue of about approximately $20 million net sales (2003). Energy Savers Unlimited, Inc. is the market-leading U.S. supplier of high-intensity and specialty lighting to aquatics, reptile and avian hobbyists, also marketing reptile, marine, freshwater and avian accessories under brands including Energy Savers, Coralife, Pondlife and Birdlife.

Further leverages Central's leadership position in aquariums, adding a third premium consumable and accessory supplier to its aquatics portfolio.

Market-leading aquarium-lighting and aquatics accessory franchise with strong innovation history. Adds a premium consumable/accessory supplier to Central's aquatics portfolio (All-Glass, Oceanic, Kent Marine, Interpet). Pet segment (aquatics)

ESU is a leader in its product categories with a strong history of innovative new products and technology. The acquisition of ESU further leverages our leadership position in aquariums, adding a third premium consumable and accessory supplier to our aquatics portfolio.Glenn Novotny, President and CEO, Central Garden & Pet

Advisory firms were not disclosed for this transaction.

You're subscribed.

Thanks for signing up.