Grove Collaborative (GROV) said late Tuesday that it completed the purchase of "substantially" all of Grab Green's assets, strengthening its position in home cleaning products.
The company said Grab Green is known for its naturally derived cleaning products.
Grab Green co-founders Patricia Spencer and Michael Edell will join Grove in advisory roles, helping oversee the integration and ongoing product development.
Grove did not disclose the financial details of the deal.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.