Company News

Yankee Candle Buys Assets of GBI Marketing

Author Image

By: TOM BRANNA

Editor

The Yankee Candle Company, Inc., South Deerfield, MA, has acquired all of the assets of GBI Marketing, Inc. for approximately $13.5 million in cash, in which $3 million is contingent upon the achievement of certain performance objectives over the next three years. GBI, Greenfield, MA, distributes select gift products, including Yankee Candle products, to fundraising organizations. GBI’s total sales in fiscal 2003 were approximately $15.7 million.“Yankee and GBI have enjoyed a long an...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters