Kids2 has closed the acquisition of infant and juvenile products company Summer Infant (SUMR Brands). The merger was first established in March, incorporating all of the company’s outstanding stock into the agreement. Summer Infant is joining the umbrella of Kids2 brands, including Baby Einstein, Bright Stars, and Ingenuity.
“As we look toward the future and the changing landscape and needs of parents, we’re excited to have the opportunity to grow with the addition of the Summer Infant brand to expand the holistic solutions we offer to families across the globe,” Kids2 CEO Ryan Gunnigle said in a press release. “Together, Kids2 and Summer Infant will be a powerhouse in product innovation and new resources, for both the families and partners that we have relationships with around the world.”
Both companies are dedicated to providing innovative solutions to early-stage parents and supporting them on their childrearing journey. Together, they will deliver a comprehensive scope of parenting products to build bright futures for all.
The acquisition will also play a major role in propelling Kids2 toward becoming a billion-dollar enterprise that can add value to families across the globe. Kids2 will leverage Summer Infant’s existing brand platform to strengthen its own categories, introduce new products, and gain opportunities in global distribution.
To learn more about the acquisition, click here.
