08.17.16
Thymes and DPM Fragrance, the Starkville, MI-based parent company of Capri Blue and Aspen Bay Candles, have merged to create CURiO, which the firms are billing as a new platform in the prestige bath, body and home fragrance market that will sell products under core brands of Aspen Bay Candles, Capri Blue, and Thymes.
Terms of the transaction were not disclosed.
Thymes has more than 30 years of history in the global gift specialty market with strong, recognizable and timeless fragrances such as Goldleafand Frasier Fir. DPM, with both its Capri Blue and Aspen Bay Candles brands, has created signature fragrances such as Volcano and Aloha Orchid found in Anthropologie and many other fine specialty retailers around the world. DPM is also well known for developing and hand pouring high-quality candles for several well-known, luxury brands.
Following a major investment by Castanea Partners, RCP, Stanfield Capital, and Northstar in December 2014, Thymes has been focused on continuing to expand the company’s footprint.
Anne Sempowski Ward will continue on as CEO of Curio and its brands.
“With Thymes’ strength in bath & body and seasonal home fragrance and DPM’s strength in candles and everyday home fragrance, we now have a complete portfolio of unique and award-winning fragrance brands and expertise. Together, we are able to vertically integrate and holistically serve a wide range of specialty retailers in the US and globally,” said Ward.
Tom Reed, founder of DPM, has joined the board of Curio.
“The synergies between DPM and Thymes are amazing – it’s such a great fit. This is a fantastic next step full of potential and opportunity for the entire team – and for our current and future customers,” said Reed.
Terms of the transaction were not disclosed.
Thymes has more than 30 years of history in the global gift specialty market with strong, recognizable and timeless fragrances such as Goldleafand Frasier Fir. DPM, with both its Capri Blue and Aspen Bay Candles brands, has created signature fragrances such as Volcano and Aloha Orchid found in Anthropologie and many other fine specialty retailers around the world. DPM is also well known for developing and hand pouring high-quality candles for several well-known, luxury brands.
Following a major investment by Castanea Partners, RCP, Stanfield Capital, and Northstar in December 2014, Thymes has been focused on continuing to expand the company’s footprint.
Anne Sempowski Ward will continue on as CEO of Curio and its brands.
“With Thymes’ strength in bath & body and seasonal home fragrance and DPM’s strength in candles and everyday home fragrance, we now have a complete portfolio of unique and award-winning fragrance brands and expertise. Together, we are able to vertically integrate and holistically serve a wide range of specialty retailers in the US and globally,” said Ward.
Tom Reed, founder of DPM, has joined the board of Curio.
“The synergies between DPM and Thymes are amazing – it’s such a great fit. This is a fantastic next step full of potential and opportunity for the entire team – and for our current and future customers,” said Reed.