FOR IMMEDIATE RELEASE - --------------------- Contact: Gregory Reams Central Garden & Pet 510/283-4573 Paul Verbinnen/Debbie Miller Sard Verbinnen & Co 212/687-8080 CENTRAL GARDEN & PET TO ACQUIRE TFH PUBLICATIONS ------------------------------------------ LAFAYETTE, CA, December 8, 1997 -- Central Garden & Pet Company (NASDAQ: CENT) today announced that it has entered into a definitive agreement to acquire the stock of TFH Publications, Inc., a manufacturer of premium dog chews and the largest producer of pet books in the U.S., for $70 million in cash for the stock of TFH Publications and $12 million for the stock of a related company, subject to certain adjustments, plus earn-outs. Management expects the transaction to be accretive to Central earnings. TFH Publications, which is based in Neptune City, New Jersey, produces a wide array of pet books and also manufactures premium dog chews and edible bones under the brand name Nylabone/R/. In addition to approximately 1,200 titles in print, TFH Publications produces two monthly magazines and twelve quarterly magazines plus the Nylabone/R/, Gumabone/R/, Flexibone/R/ and Nylabone Edible/TM/ product lines. The company has approximately 275 employees and had approximately $32 million in annual sales in 1996. Central Garden & Pet Company is the leading national distributor of lawn and garden and pet supply products. Central offers customers a wide array of services designed to increase the sales and profitability of both manufacturers and retailers, including inventory management, advertising and promotional programs, in-store design and display assistance and sales program development. Central also offers lines of proprietary branded products which include Zodiac/R/ and Four Paws/R/ pet products, Island/R/ aquariums, Matthews/R/ redwood products and Grant's/R/ ant control products. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts, including statements relating to the future financial results of the acquired business, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from -2- those set forth in or implied by forward looking statements. These risks are described in the Company's Securities and Exchange Commission filings. # # #