Central Garden & Pet Acquires Norcal Pottery Products, Inc. and Patio Products Sales Associates, Inc.LAFAYETTE, Calif.--(BUSINESS WIRE)--Jan. 4, 1999--Central Garden & Pet Company (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CENT), the nation's leading distributor of lawn and garden and pet supplies, today announced that it has acquired Norcal Pottery Products, Inc., one of the country's leading importers and distributors of pottery products for the home and garden. Based in Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern , Norcal, and its affiliate Patio Products Sales Associates, have annual sales of approximately $25 million and approximately 90 employees. Terms were not disclosed. "Norcal is an excellent strategic fit with Central as it offers products appealing to our target demographic in lawn and garden," said William E. Brown Archbishop William (EUSEBUIS) Brown is the First African-American Archbishop in the state of Virginia. He heads the Archdiocese of Fredericksburg, headquartered in Stafford, Virginia. Archbishop Brown is the current Chief Pastor of Mt. , Chairman and Chief Executive Officer of Central. "We believe that we can grow the business substantially by leveraging our nationwide distribution capabilities." Noting that Norcal's Chief Executive Officer and sole stockholder, Neil Pincus, would be joining Central and heading up its pottery group on a national basis, Brown added: "We are delighted that Neil Pincus and his customer-focused management group will be joining the Central team. They share our vision of the opportunities that joining forces with Central will create, and we are confident that they will be important contributors to Central's future success." Said Neil Pincus: "Norcal and Central will make a great combination. We are very excited about the prospect of combining forces to better serve our customers and our market." Central Garden & Pet Company is the leading national distributor of lawn and garden and pet supply products. Central offers customers a wide array of value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. designed to increase the sales and profitability of both manufacturers and retailers, including inventory management, advertising and promotional programs, in-store service and display building and sales program development. Central also offers lines of proprietary branded products which include Pennington(R), Kaytee(R), TFH TFH Technische Fachhochschule (German: Engeneering College/University) TFH 24 Hours (Movie) TFH Thread from Hell (newsgroups) TFH Tinfoil Hat TFH Thanks For Helping (R), Zodiac(R), and Four Paws(R) pet products, Island(R) aquariums, Matthews(R) redwood products and Grant's(R) ant control products. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained in this release which are not historical facts are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks are described in the Company's Securities and Exchange Commission filings. |
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