Shaklee Buys 23% Stake in Mail-Order Firm
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Associated Press
SAN FRANCISCO — Shaklee Corp. has bought a 23% interest in Smith & Hawken, a privately held mail-order company based in Mill Valley, Calif. that offers home gardening products, the two companies announced Monday.
Financial terms were not announced, but as part of the agreement, Shaklee’s president and chief executive, David M. Chamberlain and Rakesh K. Kaul, vice president of coprorate development and planning, will be elected a director of Smith & Hawken.
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