Upon closing the transaction, the combined company will continue to operate under the Grove name and be listed on the NYSE under the new "GROV" ticker symbol. Stuart Landesberg, co-founder and chief executive officer, Grove Collaborative, will lead the combined company.
Earlier this year, Grove company announced its entrance into physical retail at Target stores nationwide and on Target.com.
In addition to its flagship brand, Grove Co., Grove has built and launched several sustainable brands in the personal care, paper and beauty categories.
"In going public, we sought a partner that shares our passion for using business to answer the urgent environmental crisis, and that accelerates our vision to make
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