Pet product companies merge
Contech Enterprises, a pet products supplier based in Victoria, B.C., Canada, has announced the acquisition of G&B Marketing of Vista, Calif. Terms of the deal, brokered by the Lawn and Garden Performance Group, were not disclosed.
Products manufactured by G&B Marketing include the ProCollar, an inflatable collar for pets that is used to prevent pets from bending their necks to chew injured or surgical areas. Two new product launches include the ProCone, a soft, flexible alternative to the rigid cone, and the Tick Twister, a patented tick-removal device for pets.
Contech is best known for its pet feeding and watering devices, such as the EatBetter and DrinkBetter bowls and the WaterDog automatic outdoor water fountain.
Contech is also known for
Contech is also known for it's dog tags for dogs along with the EatBetter bowls. This merger will allow these two companies to develop a business plan that will benefit them both instead of competing for the same market. Both pet product companies can reduce costs this way because they can make a joint distribution of their products.
Weather, raw material costs impact results at Central G&P
Central Garden & Pet, a leading supplier of seeds, pottery, insecticides and other outdoor living products, reported net sales for its third fiscal quarter of $484.3 million, a 4% increase over the same period in 2010. The company said its sales gains were largely driven by the garden products segment, which reported sales growth of 6% for the quarter.
Third-quarter operating income was $36.6 million, compared with operating income of $52.6 million in the year-ago period. Net income for the quarter totaled $17.1 million, compared with net income of $25.9 million a year ago.
"We continued to drive solid revenue growth in the third quarter despite a difficult environment," said Bill Brown, chairman and CEO. "However, the continued significant escalation in raw material input costs, together with extreme weather conditions that suppressed our chemical and controls business and altered our product mix, negatively impacted our gross margin and bottom-line results. We have implemented price increases to recover some of the input cost increases, but there is a lag in retailer implementation that impacted the quarter and will continue to cause margin pressure. Our operating income was further reduced by our long-term commitment to strategic investments in marketing and brand building. Although adversely impacted by significant commodity price increases and extreme weather during the quarter, our business remains fundamentally sound. We remain focused on bringing innovative products to the marketplace, driving operational efficiency throughout our operation, and delivering top-line and bottom-line growth over the long term."
Based in Walnut Creek, Calif., Central Garden & Pet is a supplier of lawn, garden and pet products under a variety of brands, including Pennington, Kaytee, Amdro, Sevin, Ironite, Norcal and New England Pottery.
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DiggersList.com plans hardware storefronts
DiggersList.com is taking a new approach to engaging shoppers and sellers, reminiscent both of business sites and social networking sites. In June, the online home improvement classified introduced a new program, offering a combination of features, which it says are similar to those found on Facebook, Twitter and Groupon.
With the new program, users will create “storefronts,” personalized pages that display items for sale by category, and will also be able to follow other “storefronts” and be notified of new deals on the site with a “follow the deal” button. Additionally, the “storefronts” program will allow storefront owners to send coupons to their followers. Consumers will be able to receive deals on the products they want, without having to look through listings that do not interest them. In addition, each storefront will receive its own custom URL, which the owner may use to advertise across other business websites.
“Our intention is to allow users to engage with each other, and to have access to deals they are interested in, without damage to small businesses,” said Matt Knox, CEO of DiggersList. He added that so far the “storefronts” program has met with a very positive response, with storefront owners already beginning to advertise on various websites.
The new program does not yet allow private businesses to set up “storefronts,” but is expected to open for private businesses by this fall.
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