Announced
Completed
Synopsis
Solo Brands, a platform for the digitally-connected, direct-to-consumer brands that develops and produces lifestyle products, completed the acquisition of TerraFlame, a company that develops products using sustainable materials including wood, concrete, fire, flora and water. Financial terms were not disclosed. “We are pleased to welcome TerraFlame to the Solo Brands family and thankful to Gerald Berger, Oleg Berger and Lenny Vainberg for choosing us as the right long-term partner for them. This strategic acquisition complements our brands, and, alongside Solo Stove, allows us to offer our customers the fire burning experience outdoors, and with the addition of TerraFlame, we’re thrilled to bring the fire inside. We hope to leverage our direct-to-consumer and wholesale expertise to support TerraFlame’s growth while also leaning into TerraFlame’s shared passion for product innovation and incredible products to elevate the Solo Brands customer experience,” John Merris, Solo Brands CEO.
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