Global Consumer Acquisition Corp. (GACQ) to Combine with GP Global and Luminex

Global Consumer (NASDAQ:GACQ) has entered into a definitive agreement to combine with air care companies GP Global and Luminex at a combined enterprise value of $507.1 million, or 6.9x its 2023E EBITDA. The two companies are expected to consolidate their brands Candle-Lite, Manly Indulgence, Colonial Candle, and PartyLite under a new brand umbrella called Ascense.
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