In a press release published today, the announcement that ERGObaby will acquire (a.k.a. is buying) Tula Baby came as a surprise to most of us. The release states the definitive agreement includes a purchase price of $73.8 million and is expected to close within the next 45 days.
“For the fiscal year ended December 31, 2015, Baby Tula reported net revenue of approximately $24.8 million and EBITDA of approximately $13.1 million” which probably doesn’t surprise anyone who follows the Tula craze!
I have not been asked to write or compensated for this post. It is entirely my opinion. I am not a lawyer.
Yesterday, it came to my attention that a WAHM cloth menstrual pad manufacturer was just notified that their products were now classified as class I medical devices & they would have to pay to register with the FDA.