GP Global and Luminex Home Decor & Fragrance to go public via merger with Global Consumer Acquisition in a $507m deal.

GP Global and Luminex Home Decor & Fragrance, two providers of branded, licensed and private label solutions in the Air Care and Personal Care sectors, agreed to go public via merger with Global Consumer Acquisition, a publicly-traded special purpose acquisition company, in a $507m deal. "Our aim is to grow Ascense Brands’ Air Care Platform into a billion-dollar business within the next three years, focusing on growing our brands and private label segments as well as leveraging value added acquisitions across the globe including Asia & India. We believe that Ascense Brands will become a market leader in the US Air Care private label space with approximately 35% market share and strong growth potential," Rohan Ajila GACQ Co-Chairman and CEO.