Central Garden & Pet to Acquire 80% of Europe's Leading Pet Supplies Company for Up to €400M
CENT sits 52% above its 52-week low of $28.77.
Summary
Central Garden & Pet announced the acquisition of an 80% stake in TRIXIE, Europe's leading pet supplies company, for up to €400 million, marking a major strategic expansion into the European market.
Key Events · M&A and Partnerships · CENT
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Acquisition of TRIXIE
Central Garden & Pet will acquire approximately 80% of TRIXIE Heimtierbedarf, Europe's leading pet supplies and snacks company, for up to €400 million total consideration — €340 million upfront cash plus a €60 million earn-out based on 2026 performance.
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Strategic Expansion into Europe
The deal gives Central a scaled platform in the €10 billion European pet supplies market, with TRIXIE's 6,000+ products, 30,000 retail customers, and industry-leading logistics capabilities, creating the leading global player in pet supplies.
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Financial Impact
The upfront cash payment of €340 million (~$370 million) represents a significant capital outlay for Central, which had $3.1 billion in fiscal 2025 net sales. The earn-out aligns seller incentives with near-term performance.
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Minority Stake and Future Buyout
Founder and key shareholders will retain a 20% stake, with put/call rights over at least three years, providing a path to full ownership while ensuring management continuity.
Analysis · CENT · Trade & Services
A transformative deal is underway as Central Garden & Pet acquires a controlling stake in TRIXIE, the leading European pet supplies and snacks company, for up to €400 million. This move expands its footprint into Europe and creates the largest global player in pet supplies. The upfront cash payment of €340 million is substantial relative to Central's $2.5 billion market cap, while the earn-out aligns incentives with 2026 performance. The acquisition brings a scaled platform with strong logistics, 6,000+ products, and 30,000 retail relationships, positioning Central to consolidate a fragmented European market. The deal is expected to close in the first half of fiscal 2027, pending regulatory approval.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 36.7% of the 1072 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.61%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CENT was trading at $43.75 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $2.5B. The 52-week trading range was $28.77 to $45.78. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.