Central Garden and Pet Signs Exclusive Agreement to Feature BioLargo Technology in Pet Products
29 March 2011 - 8:00AM
Marketwired
BioLargo, Inc. (OTCBB: BLGO) today announced that it has reached
agreement with Central Garden & Pet Company (NASDAQ: CENT), the
leading marketer and producer of premium pet supplies in the United
States, to develop, produce and sell products that the parties
believe will set the mark for delivering the pet industry's highest
standards in performance. The two companies will work with the E.T.
Horn Co. as a supplier of ingredients and contract manufacturer.
The agreement calls for Central to purchase minimum quantities of
materials from BioLargo in order to maintain world-wide exclusive
rights within the "pet supplies industry," as well as the first
option to take new pet products to market as they are developed.
Central also secured the first right of refusal to acquire
BioLargo's operating division, Odor-No-More, Inc., should the
company be considered for sale in the future. The agreement covers
all pet industry products, but excludes all equine and livestock
products as well as pet products which may be sold under a BioLargo
trademark, should Central not exercise its first option. The
details of the agreement were reported in the Form 8-K filed by
BioLargo on March 28, 2011.
According to the 2009-2010 APPA National Pet Owners Survey, U.S.
pet ownership is at its highest level, with 71 million households,
or 62%, owning a pet. During the past decade, the number of
pet-owning households increased 12%. An excess of $45 billion
dollars was spent in 2009 on our pets.
"It is an important market and we know pet lovers want the best
for their pets. Many of Central's brands are the industry leader
and household names with more than 20 years of history, and some
are over 100 years old, serving customers with trusted products
that get the job done," stated Joseph Provenzano, President of
BioLargo's Odor-No-More, Inc. "Central's commitment to quality and
value along with BioLargo's product innovation and game-changing
technology make for the perfect fit."
"We believe that Central is the best strategic partner in the
pet industry for us," states Dennis Calvert, President of BioLargo.
"Most of their brands are the number one or two brand in their
respective U.S market category. They operate the largest sales and
logistics network in the industry, which strategically supports its
brands. With sales in the pet industry of more than $840 million
annually, we believe they are the perfect partner for BioLargo to
take products to market that improve the standard of care and
maintenance of pets. We look forward to a long and successful
journey with Central, which we believe could involve dozens of
products that go to market featuring the BioLargo Technology."
About BioLargo, Inc. BioLargo's business
strategy is to harness and deliver Nature's Best Solution™ --
free-iodine -- in a safe, efficient, environmentally sensitive and
cost-effective manner. BioLargo's proprietary technology works by
combining micro-nutrient salts with liquid from any source to
deliver free-iodine on demand, in controlled dosages, in order to
balance efficacy of performance with concerns about toxicity.
BioLargo's technology has potential commercial applications within
global industries, including but not limited to oil and gas, animal
health, beach and soil environmental uses, consumer products,
agriculture, food processing, medical, and water. It features
solutions for odor & moisture control, disinfection and
contaminated water treatment. BioLargo's strategic partner Ioteq IP
Pty Ltd. was named a "Top 50 Water Company for the 21st Century" by
The Artemis Project™; BioLargo markets Ioteq's iodine based water
disinfection technology, the Isan system. The company's website is
www.BioLargo.com. In 2010, Odor-No-More was awarded two Editor's
Choice Awards, including a "Product of the Year" award, by the
Horse Journal, a top industry award for excellence and are sold by
BioLargo's wholly owned subsidiary, Odor-No-More, Inc.
(www.OdorNoMore.com).
About Central Garden and Pet Central
Garden & Pet Company is a leading innovator, marketer and
producer of quality branded products for the lawn & garden and
pet supplies markets. Committed to new product innovation, our
products are sold to specialty independent and mass retailers.
Participating categories in Lawn & Garden include: Grass seed
and the brands PENNINGTON®, SMART SEEDTM and THE REBELS™; wild bird
feed and the brand PENNINGTON®; weed and insect control and the
brands AMDRO®, SEVIN®, IRONITE® and Over 'N Out®; and decorative
outdoor patio products and the brands NORCAL®, NEW ENGLAND POTTERY®
and MATTHEWS FOUR SEASONS™. We also provide a host of other
regional and application-specific garden brands and supplies.
Participating categories in Pet include: Animal health and the
brands ADAMS™ and ZODIAC®; aquatics and reptile and the brands
OCEANIC®, AQUEON™ and ZILLA™; bird & small animal and the
brands KAYTEE®, SUPER PET® and CRITTER TRAIL®; dog & cat and
the brands TFH™, NYLABONE®, FOUR PAWS®, PINNACLE® and Avoderm®; and
equine and the brands FARNAM®, BRONCO® and SUPER MASK®. We also
provide a host of other application-specific Pet brands and
supplies. Central Garden & Pet Company is based in Walnut
Creek, California, and has approximately 4,300 employees, primarily
in North America and Europe. For additional information on Central
Garden & Pet Company, including access to the company's SEC
filings, please visit the company's website at www.central.com.
About the E.T. Horn Co. The E.T. Horn
Company is one of the nation's largest distributors, marketers and
manufacturers of raw materials and chemicals for use in coatings,
building materials, elastomers, lubrication, nutrition, cosmetics,
personal care, and food products. Founded in 1961, the company has
focused on providing formulation solutions, superior customer
service and technical expertise in distributing products from only
the finest manufacturers. For additional information contact the
company at 800-442-HORN or visit www.ethorn.com.
Safe Harbor Statement The statements
contained herein, which are not historical, are forward-looking
statements that are subject to risks and uncertainties that could
cause actual results to differ materially from those expressed in
the forward-looking statements, including, but not limited to,
BioLargo's filings and future filings with the Securities and
Exchange Commission, including those set forth in the BioLargo's
Annual Report on Form 10-K for the year ended December 31,
2009.
BioLargo Contacts Dennis P. Calvert President 949-643-9540
Howard Isaacs Investor Relations 562-987-4939 Email Contact
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