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Central Garden & Pet narrows loss
Central Garden & Pet Company had positive things to say about its performance in the first fiscal quarter of 2015: a 6% increase in sales and a narrowing of its net loss to $0.12 per share.
“We are beginning to see signs of progress from our efforts to improve our business and better utilize our resources,” said John Ranelli, president & CEO of Central Garden & Pet. “As a result of these efforts, our operations are becoming more efficient and we are executing better.”
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Kelso & Co to acquire US LBM Holdings
It's official. US LBM Holdings announced on Wednesday afternoon a new ownership deal.
Private equity firm Kelso & Company entered an agreement to purchase a majority of the equity interests in Green Bay, Wisconsin-based US LBM Holdings. BlackEagle Partners LLC and certain members of US LBM will be investors alongside Kelso, according to the announcement.