Manufacturing

The deal is part of Kele's expansion strategy as provider of industrial products, says Stephens director Jones.

Polar previously received backing from Bioindustrial Innovation Canada, MaRS IAF and ArcTern Ventures.

The deal values Careismatic Brands at around $1.3 billion.

The Tilley family will continue to retain a significant ownership stake and involvement in the company.

The target Premiere marks Marco’s first add-on since Align’s acquisition in February of 2020.