Malouf Acquires Downeast
September 2, 2020
Logan, Utah-based Malouf has acquired Salt Lake City-headquartered retailer Downeast, combining Malouf’s bedding, home and wholesale capabilities with Downeast’s apparel retail footprint. The deal was completed after discussions that began in late 2019 and is intended to align product offerings, expand channels, and leverage technology and retail capabilities across both businesses.
- Buyers
- Malouf
- Targets
- Downeast
- Sellers
- Bill Freedman (founder of Downeast)
- Industry
- Retail
- Location
- Utah, United States
- Transaction Type
- Buyout
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