Article: New PE Firm Nabs Paddywax Stake.(News)(DesignWorks Investments, private equity firm)(Joseph Moore)(Brief article)

Byline: Avram Davis

A new investment firm founded by Joseph Moore, a former Thomas Nelson Inc. executive, acquired a control stake in Paddywax, a Decatur, Georgia-based gift candle manufacturer. Terms of the transaction were not disclosed.

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dywax was founded by Gretchen Hollingsworth and her husband David Duncan in October 1996. In speaking with MergersUnleashed, Duncan said the company plans to launch additional brands in the home fragrance department in the mass and mid-market channels. He said, "We will continue to launch new products and programs for the independent boutique retailer."

Moore launched the Nashville, ...

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