Mammoth Brands Acquires Diaper Maker Coterie For Over $1 Billion In Cash And Stock

Mammoth Brands has agreed to acquire Coterie in a cash and stock transaction exceeding $1 billion. The deal is expected to close by the end of 2025.

Summary of transaction details:

• Deal Type: Acquisition
• Transaction Amount: $1,000,000,000
• Company Name: Coterie
• Notable Investors: Karlie Kloss, Ashley Graham, Align Ventures
• Net Revenue: $200 million in the last twelve months
• Year-over-Year Revenue Growth: Nearly 60%

Coterie was founded in 2019 by Frank Yu, who has played a crucial role in developing the brand. The company has been recognized for its innovative approach in the diaper industry, and Align Ventures, as Coterie’s largest shareholder, has contributed significantly to its growth. The executive team will remain in place following the acquisition.