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Blyth, Inc. in Your Area
About Blyth, Inc.
Coordinates: 41°01?00?N 73°38?56?W? / ?41.01674°N 73.64890°W? / 41.01674; -73.64890
Blyth, Inc. is a Greenwich, Connecticut based marketing and manufacturing company that sells personal and decorative products. The company reported having 4,000 employees as of January 2007 and is incorporated in Delaware. In 2001, it was the largest candlemaker in the United States. Subsidiaries include the PartyLite direct sales business.
May 13, 2002: Blyth, Inc. (NYSE:BTH), announced that it has acquired all of the membership interest in CBK, Ltd., LLC, a designer and marketer of giftware and home decor, sold under the CBK(TM) brand. The effective date of the acquisition was May 10, 2002. Blyth purchased the interests in CBK for total cash consideration of approximately $49.5 million. Midwest CBK was sold to MVP Group International in 2011.
On April 14, 2004, Blyth restated its financial statement footnotes for the period ended April 30, 2003, to reflect their segments as revised as of January 31, 2004 based on FASB Statement No. 131, "Disclosures about Segments of an Enterprise and Related Information".
CBK will remain obligated on its indebtedness,including approximately $4.8 million of long-term debt. The purchase price reflects an EBIT multiple in keeping with the Company's practice and objectives. Blyth anticipates CBK's annualized sales to be approximately $80 million and that it will be accretive to its fiscal year 2003 earnings per share.
In 2012 Blyth sold the brand Sterno, which it had acquired in 1997.