Blyth, Inc. (BTH) said it agreed to sell Midwest-CBK to MVP Group International. The sale is expected to close by the end of May 2011.
MVP Group International is a manufacturer of private label candles and home fragrance products.
Commenting on the sale, Robert Goergen, Blyth's Chairman of the Board and CEO, said, "Midwest-CBK is a wholesale channel leader with its Seasons, CBK and Colonial Candle brands.
Moreover, the divestiture of Midwest-CBK supports Blyth's objective to continue to self-fund its seasonal working capital requirements."
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