Central Garden & Pet Acquires Majority Stake in German Pet Supplies Company TRIXIE
Central Garden & Pet (CENT) has announced a definitive agreement to acquire a majority stake in TRIXIE Heimtierbedarf GmbH, a prominent European pet supplies and snacks company. The acquisition is from the founder Bonnik Hansen along with shareholders Dirk Jessen and Volker Haak. This strategic move aims to strengthen Central Garden & Pet's presence across Europe by leveraging TRIXIE’s established market position in Germany and beyond. TRIXIE offers a wide range of pet products, including food, toys, and accessories for small animals such as rabbits, guinea pigs, and birds. The deal is expected to enhance the company's product portfolio and geographic reach within the growing global pet care industry.
Tickers: $CENT
Topics: acquisition majority stake pet supplies