Crown Crafts buys trade-up company

Gonzales, La. -- Revving up into a growth mode following a financial overhaul, Crown Crafts Inc. is buying most of the assets of Kimberly Grant, a trade-up designer of infant, toddler and juvenile products.

Under the terms of the deal, founding designer Kimberly Grant Gessford will continue to develop designs for infant bedding and framed art and accessories, and expand her designs to include bibs and bath items.

Financial terms of the deal were not disclosed, and the 2006 sales volume of Kimberly Grant, formerly a privately held company, was not immediately available.

E. Randall Chestnut, Crown Craft ceo, said the acquisition is being made by Crown Crafts Infant Products Inc., a wholly owned subsidiary of Crown headed by Nanci Freeman. Freeman joined the company when it purchased Red Calliope, an infant bedding company she founded. That move that gave Crown a major foothold in the infant and juvenile business, which now makes up the lion's share of its sales.

"When we completed our refinancing in July 2006, we announced that we were ready to grow and expand our business through meaningful acquisitions," said Chestnut. "Acquisitions such as this will continue to be an important part of our ongoing growth strategy."

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!