BRANDED acquires pioneer Heyday to establish Essor, a digitally-native CPG platform
Sep 05, 2024•over 1 year ago
Acquiring Company
BRANDED
Acquired Company
Heyday
Description
BRANDED has acquired Heyday to form a new company, Essor, which will elevate challenger brands into global icons. Essor will house a portfolio of rapidly growing health & wellness and lifestyle brands, expanding its retail capabilities and marketplace-first technology and data platform to drive exceptional growth and profitability in the CPG industry.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed