Central Garden & Pet Company Purchases ASP Research For Approximately $3 Million
Central Garden & Pet Company (NASDAQ:CENT) today announced that is has acquired DLF Trifolium Oregon(dba “ASP Research”) for approximately $3 million.
ASP Research is a leading developer and breeder of turf grass for both consumer and professional use. ASP Research combines internally developed genetic technology with partnerships with major universities to create proprietary, durable, environmentally friendly grasses.
“ASP Research is a leading innovator in the breeding and development of high technology grass seed varieties,” commented Brad Johnson, President of the Garden Group of Central Garden & Pet. “The acquisition further strengthens Central’s proprietary grass seed portfolio and expands our research and technology capabilities. We will leverage these competencies with the production and marketing expertise of our Pennington Seed operation to provide superior, innovative grass seed varieties for both the consumer and professional markets.”
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