Business

Sleep Country Canada buying weighted blanket company Hush Blankets – National

Sleep Country Canada Holdings Inc. has signed a deal to purchase Hush Blankets, a direct-to-consumer vendor of weighted blankets, pillows, sheets and bed-in-a-box mattresses.

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Beneath the deal, Sleep Nation will purchase a 52 per cent stake in Hush for $25 million.


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The corporate has additionally agreed to purchase the opposite 48 per cent in annual 16 proportion level stake increments beginning March 31, 2023, at a worth based mostly on the enterprise’s monetary efficiency.

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Hush was based in 2017 by Lior Ohayon and Aaron Spivak and launched a weighted blanket in Canada in 2018.

Sleep Nation says Hush will proceed to function as an impartial enterprise led by Ohayon and Spivak and a board together with senior administration from Sleep Nation and Hush.




© 2021 The Canadian Press


https://globalnews.ca/information/8277076/sleep-country-canada-hush-blankets-acquisition/ | Sleep Nation Canada shopping for weighted blanket firm Hush Blankets – Nationwide

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