Newell Brands, the maker of Yankee Candle and other household brands, has entered into an agreement to purchase homegrown Chesapeake Bay Candle for $75 million. Chesapeake Bay Candle, run by CEO Mei Xu, distributes candles at U.S. retail outlets that include Target and Kohl’s. It operates locally out of a 117,200-square-foot warehouse in Glen Burnie and has annual net sales of around $55 million. Hoboken, New Jersey-based Newell Brands (NYSE: NWL) lines include Coleman, Rubbermaid and Yankee…
from https://www.bizjournals.com/baltimore/news/2017/09/07/newell-brands-to-buy-chesapeake-bay-candle-for-75m.html?ana=RSS%26s=article_search
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