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Blyth Sells Assets of Fragrance Business

Blyth Inc. has sold certain assets associated with its North American mass channel home fragrance business, Blyth HomeScents International - North America (BHI), to MVP Inc., a designer, manufacturer and marketer of private-label candles and home fragrance products to mass retailers. The sale includes a Memphis, Tennessee distribution facility and Bentonville, Arkansas operations. Blyth will retain all other offices, facilities, assets and employees associated with its wholesale candle manufacturing and distribution. Robert B. Goergen, Blyth's chairman of the Board and CEO, comments, "BHI is a leader in mass market home fragrance products, maintaining a strong relationship with Wal-Mart as the 'category advisor' for its candles and with a leading position in potpourri, as well as a solid relationship with other major food, drug and mass retailers across the country. A strong management team has made significant progress restructuring BHI in recent years, rationalizing product line sizes and reducing overhead expenses."

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