Daizee Baby Completes Acquisition of DelicaWash
Creates Powerful e-Commerce Platform of Patented, Innovative and High Demand Consumer Packaged Goods
VANCOUVER, BC, July 20, 2021 /CNW/ – Daizee Baby Corp. (“Daizee Baby”) announced today that it has completed its acquisition of Delica Wash. This acquisition positions Daizee Baby as a competitive e-Commerce and consumer packaged goods (CPG) company with greater scale and revenue diversity, and a commitment to delivering quality products.
Delica Wash is a U.S. and Canadian patented rigid mesh laundry solution to allow for hand wash only baby care, athleisure, and delicate clothing items to be used in home washers and dryers. The global Laundry Care market size is projected to reach $86 billion U.S. dollars by 2026, from $66 billion U.S. dollars in 2020, at a CAGR of 4.5% during 2020-2026, according to 360 Research Reports.
The combined company features brands for moms and babies that are innovative and durable and that together create a powerful platform for partners, retailers, and consumers. This portfolio, combined with enhanced financial flexibility, better positions the company to pursue current and future e-Commerce growth initiatives. In addition, as a result of this transaction, the company is expected to realize meaningful tax efficiencies and cost synergies.
Matthew Keddy, CEO of Daizee Baby said: “We are pleased to complete this transaction, creating a stronger, more diversified company with both strategic and financial benefits. We look forward to utilizing our collective portfolio of complementary assets to drive new opportunities for customers and partners, as well as long-term value for shareholders.”
In addition to adeptly serving the baby care market, the Delica Wash brand is also well positioned to address the damage every day washing and drying does to women’s lingerie. In 2020, the global lingerie retail market was valued at approximately $42 billion U.S. dollars and it was forecast to reach a value of $78.66 billion U.S. dollars in 2027, according to Statistica.
About Daizee Baby Corp.
Daizee Baby Corp. is the maker of the patented Hybrid Diaper product line that is produced in Canada with compostable plant-based components that provide an excellent softness and environmental profile that helps reduce garbage levels. Daizee Baby is building a baby portfolio of quality brands that deliver a meaningful impact to our customers. Daizee Baby intends to work with a network of retailer partners and their online and instore sales channels to grow unit sales in North America and the UK while helping to reduce carbon emissions. To learn more, please visit www.daizeebaby.com.
Cautionary Note Regarding Forward-Looking Statements
This press release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including the terms and conditions of the Proposed Transaction and future developments and the business and operations of the “Resulting Issuer” after the Proposed Transaction are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on certain material assumptions and analysis made by the Corporation and the opinions and estimates of management as of the date of this press release, including that the terms and conditions of the Proposed Transaction will be as anticipated by management and future developments and the business and operations of the “Resulting Issuer” after the Proposed Transaction will be as anticipated by management. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Corporation to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, that the terms and conditions of the Proposed Transaction will not be as anticipated by management or will not close at all; the terms and conditions of the Proposed Financing will not be as anticipated by management or will not close at all; and future developments and the business and operations of the “Resulting Issuer” after the Proposed Transaction will not be as anticipated by management. Although management of the Corporation has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Corporation does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.
SOURCE Daizee Baby Corp.
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