Central Garden & Pet to Make Acquisition Announcement.LAFAYETTE, Calif.--(BUSINESS WIRE)--Dec. 8, 1997--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) intends to announce later today the planned acquisition of a pet supply manufacturer with approximately $100 million in annual sales. This acquisition, details of which will be announced around 12:00 p.m. (EST EST electroshock therapy. EST abbr. electroshock therapy ), is in addition to the acquisition of TFH TFH Technische Fachhochschule (German: Engeneering College/University) TFH 24 Hours (Movie) TFH Thread from Hell (newsgroups) TFH Tinfoil Hat TFH Thanks For Helping Publications, Inc., which was announced this morning. Management said it expects both acquisitions to be accretive to Central earnings. Central Garden & Pet Company is the leading national distributor of lawn and garden and pet supply products. Central offers customers a wide array of services designed to increase the sales and profitability of both manufacturers and retailers, including inventory management, advertising and promotional programs, in-store design and display assistance and sales program development. Central also offers lines of proprietary branded products which include 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, including statements relating to the future financial results of the acquired businesses, are forward-looking statements 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. CONTACT: Central Garden & Pet Gregory Reams REAMS Resource Evaluation And Management System , 510/283-4573 or Sard Verbinnen & Co Paul Verbinnen/Debbie Miller, 212/687-8080 |
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