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October 2, 2017
By: TOM BRANNA
Editor
Newell Brands Inc., home to Yankee Candle, has entered into a definitive agreement to acquire Chesapeake Bay Candle from its founders in a deal valued at $75 million. Based in Rockville, MD, Chesapeake Bay Candle is a leading developer, manufacturer and marketer of premium candles and other home fragrance products, focused on consumer wellness and natural fragrance. The company is a fast-growing business, with annual net sales of approximately $55 million. The acquisition will be repor...
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