WALNUT CREEK, Calif.–(BUSINESS WIRE)–Central Garden & Pet (NASDAQ: CENT, CENTA) (“Central”) announced today that it has launched Central Ventures, a venture fund dedicated to discovering emerging businesses that are focused on innovating and shaping the future of the garden and pet industries. The fund is a key priority in the company’s new ‘Central to Home’ strategy, which was unveiled today at Central’s first Investor Day.
“At Central Garden & Pet, we know we must always be looking ahead and investing in the leaders and ideas of tomorrow to ensure we are positioned to drive the future of our industries,” said Tim Cofer, CEO of Central. “Our new ‘Central to Home’ strategy includes a renewed focus in venture that will bring exciting new products and capabilities into the organization. Additionally, we’re looking forward to teaming up with great businesses and leaders and leveraging our capabilities to help them unlock