Aden and Anais, backed by Swander Pace Capital, has acquired Halo Innovations Inc. for the target’s complementary, “healthy” baby products. Financial terms of the deal were undisclosed.
Halo, based in Minneapolis, manufactures and distributes sleeping environment products for children and adults. Through online and retail distribution, the target sells crib and cradle sets, baby pajamas, blankets, swaddles, air purification systems and gift sets. Halo was founded by Bill Schmid and his wife Cathy who lost their first born child to sudden infant death syndrome. Since the incident, the target has dedicated its mission to help babies sleep safely.