WASHINGTON 鈥� Newell Brands, which makes everything from Rubbermaid to Mr. Coffee, is buying Rockville, Maryland-based Chesapeake Bay Candle for $75 million in cash.
Newell Brands also owns Yankee Candle.
Chesapeake Bay Candle, whose candles and fragrances are sold in retail stores across the country, has a production facility in Glen Burnie, Maryland.
Chesapeake Bay Candle, which started selling handmade candles in 1995, now has retailing partnerships with national chains including Target, Kohl’s Bed Bath & Beyond and Hallmark.
It has annual sales of about $55 million.
Hoboken, New Jersey-based Newell Brands has close to $15 billion in annual sales. The company said it expects to close on the acquisition in the fourth quarter of 2017.
