Another new Acquisition! As the leader in wild bird products with Pennington and Kaytee brands, Central has added to our front-runner category position with the purchase of C&S Products, a major player in wild bird suet manufacturing and marketing. The addition of C&S will provide a great complement to Central's wild bird business. We share a similar customer base and use some of the same raw materials in our products which will create many opportunities for synergies. In C&S, we see a company like Central that has grown by focusing on making superior products and providing the best customer service. C&S has a talented group of employees that demonstrate a commitment to continuous improvement and take pride that their product outshines its competitors. Together, we have an opportunity to grow the C&S and suet business and look forward to a great collaboration.
Central Garden & Pet increases 401k company match plus adds a profit sharing plan for non-bonus eligible employees! Beginning January 1, employees will receive a match of up to 3% of their earnings when enrolled in our company 401k plan. In addition, enrolled employees who are not part of a bonus plan may receive up to a $500 yearly deposit into their 401k account based on company performance. It's a great time to join Central!
Three for Free! Central Garden & Pet increases 401K company match and adds yearly profit sharing bonus! Central cares about their employees and wants to help them build their retirement savings. Beginning in 2019 employees who contribute at least 3% of their pay to their 401k account, will receive a 3% match. In addition, employees who are not on a bonus plan will receive yearly profit sharing deposits into their active 401k account!
Four years ago, Zilla partnered with Petco and the Pets in the Classroom project to set up two leopard geckos in Mr. Powell’s first grade classroom at Weaverville Primary in Asheville, NC. Mr. Powell has been a vocal supporter of the Pets in the Classroom project and reported that Goose and Maggie, the leopard geckos, have been loved by many children over the years. Mr. Powell reached out again recently to let us know that Goose and Maggie had their first offspring! Mr. Powell and the class “couldn’t be more excited at the end of the school year and wanted to share this exciting news with the people who made it all possible.”
Central has purchased General Pet Supply, a family-owned, Midwest-based distributor of pet food and supplies. Founded in 1959, General Pet is similar to our Pet Distribution business, and is focused on providing superior customer service for the pet specialty and veterinary markets. With over 350 employees, General Pet sells over 14,000 products from 120 different manufacturers through its 6 branches – Milwaukee, WI, Minneapolis, MN, Dayton, OH, St. Louis and Kansas City, MO, and Wichita, KS, with corporate offices in Milwaukee.
The addition of General Pet is strategically important to Central. With the addition of the company, Central expands its geographic footprint giving us unparalleled distribution and growth capabilities in the pet industry. We enthusiastically welcome General Pet and its employees to the Central family and look forward to all the accomplishments we will celebrate together!
The combination of two recent acquisitions, Dallas Manufacturing Company (DMC) and K&H Manufacturing, has put Central Garden & Pet in the #1 share position of pet bedding, pet stairs, and cots. DMC, acquired in December 2015, has many long-standing relationships with key retailers supplying high-quality bed products at a great value. In April of 2017, Central added K&H, the largest producer of heated pet beds in the world.
Pet bedding is the fifth largest segment of the $12 billion pet supplies market with favorable future growth projections making it an important segment for Central. To leverage the expertise of the two organizations within the segment, Central has created a new business unit called Central Pet Home Essentials, led by Cris Weekes, Senior Vice President/GM, Dallas Manufacturing and K&H.
With the formation of the new business unit, we created a unique identity for the team and one that, as part of the Central family, looks towards the future to build a stronger presence in the larger categories in which we compete.
Central Garden & Pet was named the Petco Strategic Initiative Vendor in Companion Animal for 2017. This is a highly coveted award that was based on our robust and ongoing programs which yielded strong results for Petco. Central’s VP Petco Team Lead, Glenn Darney, stated, “We are proud to receive one of only four awards given this year for the companion animal business area and I credit the support and innovation being developed by our brand teams including Aquatics, Kaytee, and Segrest. Combining our market-leading brands with the continuing efforts of the Central Petco sales team gives us great momentum and opportunities to move our business forward.” Petco commented that Central’s commitment to a joint business plan demonstrated a strong investment in Petco as well as highlighted them as a prioritized strategic partner. Central was also cited for continued commitment to the Pet Specialty channel as demonstrated by our strategic acquisitions we have made in the space.