December 18, 2017 / 11:55 AM / in 8 months

BRIEF-Crown Crafts Acquires Sassy-Branded Developmental Toy, Feeding And Baby Care Product Line Of Sassy 14, Llc

Dec 18 (Reuters) - Crown Crafts Inc:

* CROWN CRAFTS, INC. ENTERS INTO DEVELOPMENTAL TOY/FEEDING/BABY CARE CATEGORY WITH ACQUISITION OF SASSY®

* CROWN CRAFTS INC - ACQUISITION IS EXPECTED TO CONTRIBUTE APPROXIMATELY $11 MILLION IN NET SALES ANNUALLY AND TO BE IMMEDIATELY ACCRETIVE TO EARNINGS

* CROWN CRAFTS INC - AT DEAL CLOSING CO PAID A PRELIMINARY PURCHASE PRICE OF $6.5 MILLION AND ASSUMED CERTAIN RELATED LIABILITIES

* CROWN CRAFTS INC - FINAL PURCHASE PRICE OF DEAL BE FUNDED FROM A COMBINATION OF CASH ON HAND & CO’S EXISTING REVOLVING CREDIT FACILITY Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below