AcquisitionsJul 27, 2026, 08:21 AM
Central Garden & Pet to acquire 80% of TRIXIE for up to €400M
AI Summary
Central Garden & Pet Company announced it has entered into an agreement to acquire approximately 80% of TRIXIE Heimtierbedarf GmbH & Co. KG, a leading European pet supplies and pet snacks company. The total consideration is up to €400 million, comprising an upfront cash payment of approximately €340 million and an earn-out potential of up to €60 million. This strategic acquisition aims to strengthen Central's portfolio and expand its presence in the European pet market, with TRIXIE's current leadership and key shareholders retaining a minority interest.
Key Highlights
- Central Garden & Pet to acquire approximately 80% of TRIXIE Heimtierbedarf GmbH & Co. KG.
- Total consideration for the acquisition is up to €400 million.
- Upfront cash consideration of approximately €340 million at closing.
- Earn-out potential of up to €60 million based on 2026 performance.
- TRIXIE is the leading European pet supplies and pet snacks company.
- Acquisition expected to close in the first half of Central's fiscal year ending September 25, 2027.
- TRIXIE's current leadership will remain, and key shareholders will retain a 20% minority interest.
Price Impact
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