Sleep Country Canada Holdings Inc. has signed a deal to buy Hush Blankets, a direct-to-consumer seller of weighted blankets, pillows, sheets and bed-in-a-box mattresses.
Under the deal, Sleep Country will acquire a 52 per cent stake in Hush for $25 million.
The company has also agreed to buy the other 48 per cent in annual 16 percentage point stake increments starting March 31, 2023, at a price based on the business's financial performance.
Hush was founded in 2017 by Lior Ohayon and Aaron Spivak and launched a weighted blanket in Canada in 2018.
Sleep Country says Hush will continue to operate as an independent business led by Ohayon and Spivak and a board including senior management from Sleep Country and Hush.
https://news.google.com/__i/rss/rd/articles/CBMiTWh0dHBzOi8vd3d3LmNiYy5jYS9uZXdzL2J1c2luZXNzL3NsZWVwLWNvdW50cnktY2FuYWRhLWh1c2gtYmxhbmtldHMtMS42MjE2NzA20gEgaHR0cHM6Ly93d3cuY2JjLmNhL2FtcC8xLjYyMTY3MDY?oc=5
2021-10-19 17:42:01Z
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