The Evenflo Co. has signed an agreement to be acquired by Goodbaby International Holdings Limited. Goodbaby is principally engaged in the design, research and development, manufacturing, marketing, and sale of durable juvenile products. The agreement is definitive and binding pending Goodbaby shareholder approval, which should take place within 45 days.
Evenflo principally engages in the design, research and development, manufacturing, marketing, and sale of Evenflo, Exersaucer, and Snugli branded juvenile products. Its portfolio includes play yards and stationary activity centers to go with car seats, travel systems, safety gates, high chairs, and more. Evenflo brands are sold at key retailers such as Wal-Mart, Toys “R” Us, Target, and Amazon. [Read more...]