DTC - Solo Brands acquired TerraFlame

2023-05-11 10:12:15 ET

• Solo Brands ( NYSE: DTC ) has acquired TerraFlame, a company founded with the mission of creating warm, inviting and ambient spaces around clean burning flame.
• The announcement comes on the heels of Solo Brands’ continued business momentum, driven by product innovation, focus on the customer experience, wholesale and retail penetration, and international expansion.
• TerraFlame’s team, including its CEO Lenny Vainberg who will be appointed the role of TerraFlame General Manager, will become part of the Solo Brands team.
• Also, the company's stockholders will offer 11.3M shares for sale.

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