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MINNEAPOLIS, May 25, 2021 /PRNewswire/ Oxygen Plus (O+), the pioneer and leader in portable canisters of recreational oxygen, today announced it completed the acquisition of California-based recreational oxygen company, O2 Naked Air. The agreement corresponded to the growth trend for the nascent category, valued at $4.5 million in value terms in 2020 and is forecast to grow at a CAGR of 7.02% in value terms to reach $6.7 million by 2026
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Oxygen Plus initiated discussions with O2 Naked Air s Founder, Kelli Lazalier, in April of 2020 at the peak of the COVID-19 outbreak in the United States. The flood of awareness around the need and benefits of oxygen during the pandemic created a consumer demand for personal oxygen that brought the two competitors together, revealing the mutual fit that ultimately translated to this recent acquisition.