The Boise Valley Economic Partnership is proud to announce that a national company, Central Garden and Pet Company, is going to establish a Shared Services Center in the Boise Valley. We would like to share the below statements from BVEP Executive Director Clark Krause, Central Garden & Pet Company CFO Lori Varlas, Idaho Governor C.L. "Butch" Otter, and Boise Mayor Dave Bieter announcing a new employer moving to the Boise Valley:
Clark Krause, BVEP Executive Director
Thanks to a statewide collaborative effort, the publicly traded Central Garden & Pet Company will establish its new shared services center in Boise, Idaho. This win is a result of multiple agencies working together to showcase the Valley and the state as a premier place to do business. Specifically we'd like to thank the Idaho Department of Labor's Workforce Development Training Fund under leadership of Roger Madsen, Governor Butch Otter, Idaho Department of Commerce Director Jeff Sayer, KPMG's John Hale and Collier International's Dave Wali.
Lori Varlas, CFO of Central Garden & Pet Company
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. 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.
Governor C.L. 'Butch' Otter, State of Idaho
This is great news that highlights the importance of BVEP and state folks working together to bring more career opportunities to our Idaho communities. Helping our existing companies grow and recruiting new employers looking for a great workforce in a business-friendly tax and regulatory environment are cornerstones of Project 60. I look forward to welcoming Central Garden and Pet Company as our newest corporate citizen.
Mayor Dave Bieter, City of Boise
This national company's decision to establish an important presence here demonstrates what studies have shown and many other businesses know: that low costs, ample infrastructure and strong professional workforce make Boise the prime location for professional and shared services. And given Boiseans' enthusiasm for their gardens and pets, Central Garden & Pet Company is a perfect fit.
See the news release below and click here for a fact sheet with more details on The Central Garden & Pet Company.
For feedback and interviews on the economic impact on the Boise Valley, please contact Clark Krause (208-863-9675) at BVEP or the Boise Mayor's office. For information on the Professional and Shared Services sector in the Boise Valley please view this section of the website and the following BVEP document. KPMG recently conducted a survey that ranked Boise among the lowest cost locations for business in the Pacific US. More information on the KPMG report can be found here.
Central Garden and Pet Company Announces U.S. Based Shared Service Center
WALNUT CREEK, CALIFORNIA, April 19, 2012-- Central Garden & Pet Company, 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 servicecenter for select administrative functions beginning with finance and supply chain transactional tasks.
"The consolidation of our transactional processing into a new centralized sharedservices 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. We are appreciative of the collaboration and support we have received from the Boise Valley Economic Partnership, the Idaho Department of Labor, and the Boise office of KPMG in helping us make this important decision”
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 aresold 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 andsales 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.
Contact: Steve Zenker
VP of Investor Relations & Communications
Central Garden & Pet Company