Crown Crafts/Springs deal pegged at $12.4 million
December 28, 2007,
Gonzales, La. – Crown Crafts today announced the final purchase price for its acquisition of Springs Global US’s infant and toddler product line.
"The company is very excited about the future of this product category," said Randall Chestnut, Crown Crafts’ chairman, president and ceo.
In a previous announcement, Crown Crafts projected future EBITDA (earnings before interest, taxes and depreciation) of approximately $4.4 million annually after the effects of the shared services agreement .
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