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Owner of Yankee Candle expands its home fragrance stable.
September 7, 2017
By: Christine Esposito
Editor-in-Chief
Newell Brands Inc.—owner of 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. It is owned by Pacific Trade Internat...
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