10.01.15
The Carlyle Group will purchase Blyth, Inc. for $6 a share. The acquisition values Blyth at $98 million.
“Blyth is a pioneer in home fragrance with well-established brands and extreme customer loyalty,” said Carlyle Managing Director David Stonehill. “We expect Carlyle’s deep experience in global consumer businesses will help drive Blyth’s product innovation and growth goals. We are particularly impressed with PartyLite’s network of 40,000 independent consultants who have remarkable passion for the company’s products. We are excited to support their efforts as we grow the company together.”
“This is an important day in Blyth’s 40-year history. Carlyle understands what our team has accomplished and supports our vision for the future,” said Robert B. Goergen Jr., Blyth’s president and CEO. “Building on our strong consumer relationships, Carlyle, with its proven track record of growing companies, is the right partner to take PartyLite and Silver Star Brands to the next level of creativity and global growth.”
The Goergen family had controlled Blyth for nearly 40 years. The firm, which is based in Greenwich, CT, includes PartyLite and Silver Star Brands, a direct seller of home goods.
“Blyth is a pioneer in home fragrance with well-established brands and extreme customer loyalty,” said Carlyle Managing Director David Stonehill. “We expect Carlyle’s deep experience in global consumer businesses will help drive Blyth’s product innovation and growth goals. We are particularly impressed with PartyLite’s network of 40,000 independent consultants who have remarkable passion for the company’s products. We are excited to support their efforts as we grow the company together.”
“This is an important day in Blyth’s 40-year history. Carlyle understands what our team has accomplished and supports our vision for the future,” said Robert B. Goergen Jr., Blyth’s president and CEO. “Building on our strong consumer relationships, Carlyle, with its proven track record of growing companies, is the right partner to take PartyLite and Silver Star Brands to the next level of creativity and global growth.”
The Goergen family had controlled Blyth for nearly 40 years. The firm, which is based in Greenwich, CT, includes PartyLite and Silver Star Brands, a direct seller of home goods.