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

Crown Crafts

18/12/2017 11:45

Dec 18 (Reuters) - Crown Crafts Inc  CRWS.O : 
    * 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:  ID:nGNXOKAEUa  
Further company coverage:  CRWS.O  
 
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