Crown Crafts Acquires Baby Boom Consumer Products
July 22, 2024
Crown Crafts, Inc. acquired substantially all of the assets of Baby Boom Consumer Products, Inc., expanding Crown Crafts' presence in the toddler bedding category and adding diaper bags and licensed-product offerings. The transaction was financed via an $8 million term loan and additional borrowings under Crown Crafts' revolving credit facility; Crown Crafts paid $18 million subject to customary working capital adjustments.
- Buyers
- Crown Crafts, Inc.
- Targets
- Baby Boom Consumer Products, Inc.
- Industry
- Consumer Products
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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