Central Garden & Pet Company, a marketer and producer of products for the lawn and garden and pet supplies markets, has purchased the pet bedding business and certain other assets of National Consumers Outdoors Corp., formerly known as Dallas Manufacturing Company.
The assets were acquired for a cash purchase price of $61 million.
“We are excited to acquire the industry-leading dog and cat bedding company. Bedding is the fifth largest category in dog and cat supplies and is growing at a healthy rate,” said John Ranelli, CEO and president of Central Garden & Pet. “The acquisition fits right into our strategy of building a portfolio of growing businesses and categories, and is a strong complement to Central’s current broad portfolio of pet products.”