Central Garden & Pet Company Announces U.S. Based Shared Services Center
20 April 2012 - 6:15AM
Business Wire
Central Garden & Pet Company (NASDAQ:CENT) (NASDAQ:CENTA), a
leading innovator, marketer and producer of quality branded
products for the lawn and garden and pet supplies markets, today
announced that the company would establish a new shared services
center in Boise, Idaho. The center will provide transactional
processing services for the Company’s U.S. operations.
The Company previously announced its intention to transform its
operations from a portfolio of companies to an integrated,
multi-brand organization, to better support its customers’ needs
and to improve the Company’s efficiency and profitability. The
transformation program includes the implementation of standardized
processes and common financial systems. Central’s action to open a
shared services center is in keeping with its goal of centralizing
transactional activities in order to drive efficiencies, leverage
automation and reduce administrative costs.
The center will begin phasing in operations in June and is
expected to be completely staffed within eighteen to twenty-four
months. Central will begin recruiting activities for the center
immediately, drawing primarily from the sizeable pool of available
talent in the area. The new Central facility will serve as a shared
service center for select administrative functions beginning with
finance and supply chain transactional tasks.
“The consolidation of our transactional processing into a new
centralized shared services center will enable us to better serve
our customers while streamlining our processes, increasing our
efficiency and reducing our costs,” said Lori Varlas, Chief
Financial Officer. “We are pleased to locate our center in Boise as
it offers considerable advantages, including its experienced and
skilled workforce, ease of doing business and low cost
profile.”
The Company’s corporate headquarters are based in Walnut Creek,
California.
About Central Garden & 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 SEED® 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 POTTERY®,
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 SYSTEMS®, 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 4,100 employees,
primarily in North America. 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.
“Safe Harbor” Statement under the Private Securities Litigation
Reform Act of 1995: The statements contained in this release which
are not historical facts, including achieving sustainable long-term
growth and improved profitability, forecasted cost reductions and
sales increases and improved efficiency and profitability from the
Company’s transformation initiatives, are forward-looking
statements that are subject to risks and uncertainties that could
cause actual results to differ materially from those set forth in
or implied by forward-looking statements. These risks are described
in the Central’s Annual Report on Form 10-K, filed on November 21,
2011, Central’s Quarterly Report on 10-Q, filed on February 2,
2012, as well as other Securities and Exchange Commission filings.
Central undertakes no obligation to publicly update these
forward-looking statements to reflect new information, subsequent
events or otherwise.
Central Garden and Pet (NASDAQ:CENT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Central Garden and Pet (NASDAQ:CENT)
Historical Stock Chart
From Jul 2023 to Jul 2024