Central Garden & Pet completes acquisition of Green Garden

Central Garden & Pet reported that it has completed its acquisition of Green Garden Products, formerly known as Plantation Products, from private-equity firm Freeman Spogli & Co. 

Green Garden, based in Norton, Mass., is a supplier of vegetable, herb, and flower seed packets, seed starters, and plant nutrients in North America, shipping over 250 million seed packets annually.

“By adding Green Garden’s leading brands for vegetable, herb and flower seed and seed starter packages, we are entering an important adjacent category in the garden segment,” Tim Cofer, CEO of Central Garden & Pet said. “With Green Garden now being an official part of the Central team, we look forward to growing their business, leveraging our strong merchandising, brand building and digital capabilities.”

Under the terms of the merger agreement, Central Garden & Pet paid $532 million, subject to certain post-closing adjustments. The acquisition was financed through cash on hand and borrowings under the company’s credit facility.

Central Garden & Pet is based in Walnut Creek, Calif. And had 2020 net sales of $2.7 billion.