October 23, 2016 8:28 AM ET

Household Durables

Company Overview of Blyth, Inc.

Company Overview

Blyth, Inc., together with its subsidiaries, operates as a direct to consumer marketing company in the United States, Canada, Mexico, Europe, and Australia. The company operates through two segments: Candles & Home Décor and Catalog & Internet. The Candles & Home Décor segment sells candles, flameless and other home fragrance products, and related decorative accessories under the PartyLite and GloLite by PartyLite brand names through independent sales consultants. The Catalog & Internet segment develops and markets an array of decorative and functional household products, personalized products, gifts, food products, health and wellness products, and beauty products under the Miles Kimball, W...

One East Weaver Street

Greenwich, CT 06831

United States

Founded in 1976

1,600 Employees



Key Executives for Blyth, Inc.

Chief Executive Officer, Chief Creative Officer and Director
President and Chief Operating Officer
Age: 51
Chief Financial Officer, Vice President and Treasurer
President of Partylite North America
Vice President, General Counsel and Secretary
Compensation as of Fiscal Year 2016.

Blyth, Inc. Key Developments

Blyth, Inc. Amends Certificate of Incorporation and Bylaws

Pursuant to the terms of the Merger Agreement, at the Effective Time, Blyth, Inc.’s certificate of incorporation and bylaws, as in effect immediately prior to the Effective Time, were amended and restated in their entirety.

Blyth, Inc. Announces Management Changes

Blyth, Inc. (the “company”), entered into an agreement and plan of merger, dated as of August 30, 2015, by and among the company, CB Shine Holdings, LLC (Parent), and CB Shine Merger Sub, Inc. (Merger Sub). Pursuant to the merger agreement, on September 14, 2015, Merger Sub commenced a tender offer to purchase all of the outstanding shares of the common stock, par value $0.02 per share, of the company at a price of $6.00 per share, net to the seller in cash, without interest thereon and less any applicable withholding taxes, upon the terms and subject to the conditions set out in the offer to Purchase dated September 14, 2015 and in the related letter of transmittal to the schedule to originally filed with the SEC by Parent and Merger Sub on September 15, 2015. On October 14, 2015 (closing date), pursuant to the terms of the merger agreement and in accordance with Section 251(h) of the Delaware General Corporation Law, Merger Sub merged with and into the company, with the company being the surviving corporation. Upon completion of the merger, the company became a wholly owned subsidiary of parent. The merger became effective (effective time) on October 14, 2015, upon filing the certificate of merger with the Secretary of State of the State of Delaware. At the effective time, each of the directors of the company immediately prior to the effective time voluntarily resigned from the Board of Directors of the company and, in accordance with the merger agreement, the directors of merger sub became the directors of the surviving corporation. Immediately following the effective time of the merger, Robert B. Goergen, Chairman of the Board, Robert B. Goergen, Jr. Chief Executive Officer and President, and Jane F. Casey, Chief Financial Officer, Vice President and Treasurer, ceased to serve in such roles, and the Board appointed Harry Slatkin as Chief Creative Officer and Jonathan Lavallee as Vice President, Treasurer and Chief Financial Officer. Harry J. Slatkin served as Chief Executive Officer of Belstaff Group SA from June 2011 to October 2015. Jonathan Lavallee served as chief financial officer of Talent Partners from October 2014 to June 2015, and as interim chief executive officer of Talent Partners from April 2015 to June 2015.

Blyth, Inc.(NYSE:BTH) dropped from CRSP US Total Market Index

Blyth, Inc.(NYSE:BTH) dropped from CRSP US Total Market Index

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