Central Garden & Pet Company Confirms Receipt of Unsolicited Letter from Harbinger Group

  Central Garden & Pet Company Confirms Receipt of Unsolicited Letter from
  Harbinger Group

Business Wire

WALNUT CREEK, Calif. -- June 23, 2014

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 confirmed that it has received an
unsolicited letter from Harbinger Group Inc. requesting that the Company
discuss with Harbinger a possible acquisition by Harbinger of all outstanding
shares of Central’s common stock at $10 per share in cash or, alternatively,
the acquisition of the Company’s Pet segment for $750 million in cash, subject
to due diligence.

Central’s Board will review Harbinger Group’s unsolicited letter in due course
in consultation with its financial and legal advisors.

About Central Garden & Pet

Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) 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 under the PENNINGTON® brand. 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 3,400 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
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. All forward-looking statements are
based upon the Company’s current expectations and various assumptions. There
are a number of risks and uncertainties that could cause our actual results to
differ materially from the forward-looking statements. These risks and others
are described in Central’s Securities and Exchange Commission filings. Central
undertakes no obligation to publicly update these forward-looking statements
to reflect new information, subsequent events or otherwise.

Contact:

Central Garden & Pet Company
Steven Zenker, 925-948-3657
Vice President of Investor Relations & Communications
szenker@central.com
or
Sard Verbinnen & Co
Brian Shiver, 212-687-8080
bshiver@sardverb.com
 
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