Fitness product provider Gaiam has signed a definitive agreement to sell its branded consumer product business, including GAIAM and SPRI brands, to Sequential Brands Group.
The $146m deal is anticipated to be closed within two months. It is contingent upon the receipt of regulatory approvals and customary closing conditions.
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Through the acquisition, Sequential Brands aims to further strengthen its position in the athletic market.
A $1.35bn definitive merger agreement has been signed by JAB Beech, for the acquisition of Krispy Kreme Doughnuts, a US-based company that provides doughnuts and coffee blends.
Subject to approval by regulatory and shareholders, the purchase is expected to be completed by the end of September, following which Krispy Kreme Doughnuts will operate independently.
According to the terms of the agreement, Krispy Kreme’s shareholders will receive $21 a share in cash from JAB Beech.
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By GlobalDataThe ERGObaby Carrier, a US baby carrier manufacturing company, has bought New Baby Tula (Baby Tula) for $73.8m.
The transaction is funded by ERGObaby Carrier owner Compass Diversified Holdings, Inc. (CODI).
The deal will expand ERGObaby Carrier’s marketing capabilities through increased product offerings and broader geographic presence.
VT HOLDINGS has purchased complete ownership of UK-based Wessex Garages Holdings for $27.69m, in order to expand its business.
As per the terms of the transaction, former shareholders Keith Barry Brock, Stephen Martin Patch and Lynn Patch have sold 115,012 shares in Wessex Garages.
Based in Japan, VT HOLDINGS is engaged in the automobile dealer business.
Cookpad plans to sell its stake in Selecture, a Japanese provider of clothes, kitchenware and other accessories.
Headquartered in Tokyo, Cookpad allows users to find and share home cooked recipes on the internet.
Thirsty.Corp (Glassful), a US wine club company, has been acquired by Good Company Wines (invino).
invino is an online wine retailer based in California, US.
DiscountRamps.com, an online retailer and a portfolio company of Rotunda Capital Partners, has acquired US-based aluminium ramp manufacturer Heavy Duty Ramps.
Heavy Duty Ramps will now operate as DiscountRamps’ standalone subsidiary and enable the latter to expand its manufacturing capabilities in the US.
The acquisition will also allow DiscountRamps to develop new products and provide better customer service.
