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 International.
The brand will be reported as part of Newell Brands’ “Live” segment.
The transaction is subject to customary closing conditions and will be funded from cash on hand at the time of closing, according to Newell. The deal is expected to close in the fourth quarter of 2017.
You can read more about Chesapeake Bay Candle in the September issue of Happi, which includes our look at the home fragrance category.