Woodstream Corporation Acquires Zareba Systems, Inc.
Woodstream Corporation, a portfolio company of Code Hennessy & Simmons LLC (“CHS”) and Brockway Moran & Partners, has completed the acquisition of Zareba Systems, Inc. (NASDAQ: ZRBA), a leading provider of electric fencing for animal containment. Zareba’s shareholders approved the previously-announced merger for $9.00 per share at a special shareholder meeting on March 31st.
Headquartered in Minneapolis, Minnesota, Zareba designs and markets a broad line of electric fence energizers and supporting lines of insulators, high tensile fence, poly wire, tape and rope, fence posts and related accessory products under various brand names, including Zareba®, Red Snap’r®, Blitzer®, Rutland® and BullDozer®. Similar to Woodstream’s electric fencing product line, Zareba’s products are used in the control, containment and deterrent of animals, including horses, livestock and small animals, for the agricultural, “hobby farm” and lawn & garden markets. Zareba’s products are sold primarily through farm-agricultural retailers and do-it-yourself centers in North America and the United Kingdom. The acquisition enhances Woodstream’s presence in the farm-agricultural channel and further strengthens Woodstream’s relationships with key customers. For additional information about Zareba, please refer to the company’s website at www.zarebasystems.com.
“Zareba’s portfolio of long-standing brand names and complementary product offering will enhance Woodstream’s existing electric fencing line, which is marketed under the Fi-Shock® brand name,” said Harry E. Whaley, President and CEO of Woodstream. “We are excited to offer a broader selection of brands and products to our customers.”
Woodstream, headquartered in Lititz, Pennsylvania, manufactures and markets a broad portfolio of branded consumer and professional products, including Victor® rodent control solutions, Havahart® animal caring and control products, Safer® natural solutions for the lawn and garden, and Perky-Pet® wild bird feeders. The company’s products, which have leading market share positions within their respective segments, are sold at more than 100,000 retail locations and to professional pest control providers throughout the United States, Canada and other international markets. For additional information about Woodstream, please refer to the company’s website at www.woodstream.com.
Andy Code, Partner at CHS, said, “Woodstream has completed 14 acquisitions since 2000 and will continue to build upon its industry-leading position through complementary acquisitions.”
CHS is a Chicago-based private equity firm focused on investing in middle market companies in partnership with management. CHS targets well-managed companies focused on growth with enterprise values between $75 million and $1 billion. With particular expertise in the Consumer, Business & Consumer Services, Distribution, and Infrastructure & Industrial Products sectors, CHS has completed 73 platform investments and 216 add-on investments. Founded in 1988, CHS has formed five private equity funds and currently manages over $2.8 billion of capital. For additional information about CHS, please refer to the firm’s website at www.chsonline.com.