Tyler Candle is a three-wick candle maker, and its business is booming.
The company, which makes the largest brands of candles, has seen growth since it went public in May, when the company sold for $2.1 billion.
Tyler Candle announced Tuesday it would buy Candle Day 2020, which is a wholesale candle supply company, for $1.9 billion.
The company also said it would merge with its wholesale candle company to create Candle Day, which will include the 3-wacko candles and a wholesale distribution channel.
The move comes after the company went public at a price tag of $2 billion in late May, and the shares have gone up nearly $3 in the past 24 hours.
“The business of candle making is very important to us,” said Tyler Candle CEO Josh Miller.
“We need a reliable and scalable business to grow.”
The company has about 20 employees in the United States, and Miller said the business would be able to hire people to support its growth.
“We are very happy to announce that we have completed the acquisition of Candle Day and will be able hire a significant number of people to work with us,” he said in a statement.
In December, the company said it had lost $2 million in sales, citing its inability to meet the demand for the products.
Its shares have fallen by more than 50% in the last month.
There are currently more than 2,000 candle makers in the U.S., and about 3,000 of those are in the candlemaking business.
However, the price of the candles and their quality have also been on the decline.
This isn’t the first time a candle maker has seen its share price fall.
Last year, a candle company that was acquired by a company called Bluebird was forced to close its doors after selling its entire inventory.
A month later, a company known as Kaleidoscope was acquired in a deal worth $1 billion by another company called Kaleido.
More recently, a similar deal that brought in Kaleidiostox and Kalei-X to buy a candle business ended in failure after the two companies didn’t get the financing they needed to complete the deal.
So, if you want to buy candles or candlemaking supplies, it may be a good idea to take a look at the companies that are in that category.