Bed Bath & Beyond acquires linen distributor
HTT Staff -- Home & Textiles Today, 6/4/2012 9:33:26 AM
Union, N.J. - Just weeks after announcing it will acquire specialty retailer Cost Plus, Bed Bath & Beyond late Friday announced the all-cash acquisition of Linen Holdings, LLC for approximately $105 million.
Based in Gibbsboro, N.J., Linen Holdings is a privately-owned, value-added distributor of bath, bed and table linens and other textiles for the hospitality, cruise line, food service, healthcare and other industries.
"We are very excited to add the talented Linen Holdings team members and their sourcing and sales expertise to our existing operations. We look forward to the opportunity to support and augment the offerings provided by Linen Holdings, LLC to its current and prospective customers," said Steven Temares, ceo of Bed Bath & Beyond.
Bed Bath & Beyond already has a division that sells into the hospitality market, but the Linen Holdings acquisition is expected to ramp up its presence there.
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