Business
    Next Score View the next score

    Around the Region

    Yankee Candle is said to be for sale

    The company, founded in 1969, operates more than 500 retail stores,
    Globe file Photo/2004
    The company, founded in 1969, operates more than 500 retail stores,

    Yankee Candle Co., the country’s largest maker of scented candles, is reportedly being prepared for a sale, about seven years after the South Deerfield company was purchased for $1.6 billion by a private equity firm.

    Madison Dearborn Partners, a Chicago buyout firm, is working with Barclays and Bank of America Merrill Lynch on a sale process that is still in the early stages, according to a report published Tuesday by Reuters, which cited anonymous sources.

    Officials at Yankee Candle and Madison Dearborn declined to comment.

    Advertisement

    The company reported that its net sales increased 7.4 percent in 2012, to about $844.2 million.

    Globe staff

    Jenn Abelson of the Globe Staff contributed to this story. She can be reached at abelson@globe.com. Follow her on Twitter @jennabelson.