>>
Home / Knowledge / News / Textiles / Russ Berrie acquires LaJobi & CoCaLo

Russ Berrie acquires LaJobi & CoCaLo

04
Apr '08
Russ Berrie and Company Inc announced that it has completed the acquisitions of LaJobi Industries Inc ("LaJobi"), a privately-held branded infant furniture and related products company based in Cranbury, N.J, and CoCaLo Inc ("CoCaLo"), a privately-held infant bedding and accessory products company based in Costa Mesa, CA.

The Company plans to maintain the individual brand identities and management structures of both LaJobi and CoCaLo.

Bruce G. Crain, Chief Executive Officer and President, commented, "We are very pleased to have completed these acquisitions and to welcome the talented personnel of both LaJobi and CoCaLo into the Russ Berrie family.

These transactions represent a major step forward in executing our disciplined acquisition strategy for our Infant & Juvenile segment and are expected to be key growth drivers for our business going forward.

We intend to leverage the design-led and branded products of these businesses to further advance our leadership in the market as we continue to capitalize on the positive trends in this industry."

The combined purchase price of the two businesses paid at closing was approximately $63.0 million, which was financed with proceeds of the Company's recently expanded senior credit facility.

Each purchase is also subject to a previously disclosed potential earnout payment. The Company expects that both acquisitions will be accretive to 2008 earnings per share before any potential synergies.


Must ReadView All

Pic: 123rf.com

Textiles | On 7th Jul 2022

Sri Lanka’s fabric imports drop in May, impact of economic crisis

Fabric imports by Sri Lanka declined in May 2022, compared to January ...

Pic: 123rf.com

Textiles | On 7th Jul 2022

Vietnam-South Korea to push bilateral trade to $150 bn by 2030

Aiming to give a big push to their bilateral trade, South Korean...

Pic: Shutterstock

Textiles | On 7th Jul 2022

ADB & UK to develop $134 mn fund for green financing in SE Asia

Asian Development Bank (ADB) and the government of the United Kingdom ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Textile Industry, Head honchos

Textile Industry
Head honchos

Delay in adopting water sustainability both financially & environmentally...

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Ghatit Laheru,

Ghatit Laheru

When the 2001 tremblor wrecked the Kachchh region of Gujarat throwing many ...

Manuel Martos,

Manuel Martos

Nextil Group is one of the world’s largest knitted and elastic fashion...

Aditya Goyal,

Aditya Goyal

Rooted in the ethos ‘Sustainability First’, Anubha Industries develops...

Serkan Gogus, Mogul Nonwovens

Serkan Gogus
Mogul Nonwovens

Mogul is a global player ranked among the top 40 nonwoven producers in the ...

Dr. Matthew Tipper, NIRI

Dr. Matthew Tipper
NIRI

<div>UK-based Nonwovens Innovation &amp; Research Institute Ltd (NIRI)...

Seth Casden, Hologenix

Seth Casden
Hologenix

Hologenix is a material sciences company dedicated to developing products...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

William Lundgren, Label - Bite Studios

William Lundgren
Label - Bite Studios

BITE Studios is a Sweden-based luxury womenswear label with a mission to...

Barbara Biosah, Label - Dumebi

Barbara Biosah
Label - Dumebi

Label DUMEBI is a luxury womenswear brand specialising in unconventional...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Rayonese Textile Inc., Division de Culp Inc.
SHAHI Exports Pvt Ltd
Landmark Group
Itema Weaving (India) Private Limited
Mesdan SPA
Officina Meccanica Dora Enrico Srl
Meera Dyestuff Industries
Datatex Consulting Srl
Tchibo GmbH
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Zydex Industries
H;&M Hennes ;& Mauritz (Far East) Ltd
John Varvatos
Puma
Eurofins BLC Leather Technology Centre Ltd
Lululemon Athletica Inc
Midas Clothing Limited
THE BOMBAY DYEING ;& MFG.CO. LTD
Varner AS Retail
Restoque S.A.
Newtech Textile Technology Development (Shanghai) Company Limited
OVS Hong Kong Sourcing Ltd.
Thai Acrylic Fibre Company Limited
Bluestem Global Sourcing Limited
BTC Textiles LLC
IFF Media Ag - International Media Services
Aramark Uniform ;& Career Apparel, LLC
Color Service s.r.l.
CSGIA(China Screen Printing & Graphic Imaging Association)
Arvind Limited
MAS Active / MAS Kreeda / MAS Bodyline
UBM China (Shanghai)
Kern – Liebers Textile
GERBER TECHNOLOGY LTD.
Maceton Limited
Tory Burch Hong Kong Ltd
Kornit Digital Asia Pacific Ltd
JES MEDIA, INC
Lisa S.P.A.
Page Industries Limited (Bangalore)
USTER
BIMBA ;& LOLA SL
BTSR International S.P.A.
Brandix Lanka Limited
C;&A Sourcing International Ltd
Equinox Impex India
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
EPCH
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Stahl Holdings B.V.,
Mayer & Cie. GmbH & Co. KG
Eastman Chemical Company
Reiter India Private Limited
Applied DNA Sciences Inc
Performance Days
GIOVANNI BOZZETTO S.p.A.
Decathlon
Groz-Beckert East Asia LLP
Grasim Industries Limited
Guess Europe Sagl,
Chico’ FAS
Boardriders Asia Sourcing Limited
TESTEX AG, Swiss Textile Testing Institute
Helly Hansen Far East Ltd
Xtema - Thomas Lebherz Textilmaschinen
Truetzschler India Private Limited
VNU Exhibitions Asia
K AND D ITMACH EXPOSITIONS LLP
KAS Direct Sourcing
IDH – The Sustainable Trade Initiative
Sportswear Company Spa
Gap International Sourcing Limited
Sateri (Jiujiang) Fiber Co.,Ltd
Lenzing Aktiengesellschaft - India
Bluesign Technologies Ag
Inter Expo Center Ltd.
Sportmaster Ltd.
Recron Polyester from Reliance Industries Limited
Lottmann Communications
ITMA Services Pte Ltd
Sainsbury's Argos Asia Limited
Copenhagen Fashion Summit
Phong Phu international JSC (PPJ)
China World International Exhibition Company Limited
Marzoli Machines Textile s.r.l.
Benetton Group
Thermore (Far East) Ltd.
DuPont de Nemours, Inc.,
Palexpo SA
EUROVET ASIA LTD
Tommy Hilfiger
Savio Macchine Tessili S.P.A.
The LYCRA Company Singapore  Pte. Ltd
DyStar India Pvt. Ltd
Jiangsu Yingyang Nonwoven Machinery Company Limited
International Textile Manufacturers Federation
Tradewind International Servicing
Centric Software
Cat Tuong Real Estate Group Joint Stock Company
PVH Corporation
Desigual - ABASIC, S.A.
Coats Digital Limited
N9 World Technologies Private Limited
Abit
The Top Form Brassiere Manufacturing Company Limited
G-Star Raw C.V.
Permoda(Koaj/Armi/Pronto/Bkul)
Infor (Hong Kong) Limited
Splash
Tuyap Tum Fuarcilik Yapim A.S.
Rosset ;& Cia Limited
IKEA of Sweden AB
Aquarelle Clothing Limited
TESCO INTERNATIONAL SOURCING LIMITED
International Sourcing Expo Australia
Weitmann & Konrad GmbH & Co. KG
Italian Trade Commission
Asos
Walmart
Messe Duesseldorf
Indofil Industries Limited - Specialty & Performance Chemicals Division
Calvin Klein
Seasalt Limited
Recron Polyester from Reliance Industries Limited
Shima Seiki Mfg. Ltd.
Indo Tex
Nandan Denim Limited
H. Stoll AG & Company KG
FESPA (Reigate)
NV Michel Van de Wiele
Groz-Beckert KG
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
COTTON COUNCIL INTERNATIONAL
Flainox S.r.l.
Haelixa AG
Gokaldas Exports Limited
Lifestyle
Woolmark Services India Pvt. Ltd.
Jindal Worldwide Limited
Comasia Limited
Esprit Europe Services GmbH
TEXVALLEY MARKET LIMITED
Taiwan Textile Federation (TTF)
Hirdaramani International Export Private Limited
KIABI
T.T. Limited
Lectra Technologies India Pvt Ltd.
SYNERGIES HONG KONG LIMITED
Etam Group Strategy Hong Kong Limited
Rieter India Private Limited
CGS Inc.
BRINKMANN GMBH
Shanghai  Aige Exhibition Service Co., Ltd
Istanbul Fuarcilik A.S.
Alison Hayes Romania
Aleph Srl
X-Rite Asia Pacific Limited (HK)
GHCL LIMITED
Hela Clothing Pvt Ltd
J ;& P Coats
The LYCRA Company Singapore  Pte. Ltd
Chori Company Limited
Loris Bellini S.r.l.
Lacoste (Wanchai)
Babyshop
Lenzing Aktiengesellschaft
Brückner Trockentechnik GmbH & Co. KG
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Target Corporation (MN)
Datacolor AG Europe
Thai Trade Center
Dow Silicones Corporation
IIGM Private Limited
Karl Mayer Textilmaschinenfabrik GmbH
BIANCA
Gatsby Africa
Nihalani Events Management
Huntsman (Singapore) Pte Ltd
Coats Digital
EMBEE CORPORATION
Zünd Systemtechnik AG
Pt. Peraga Nusantara Jaya Sakti
TÜYAP IHTISAS FUARLARI A.S.
Under Armour Global Sourcing Ltd
Green Fibre
ZAITEX spa
LC Waikiki
APLF Limited
Vardhman Textile Ltd
FULGAR SpA
Amazon China
Gloria Jeans
J ;& P Coats
Messe Frankfurt Exhibition GmbH
G.A.S. unternehmenskommunikation gmbh
Saurer Textile Solutions Pvt. Ltd.
NITI Aayog
Vianney Textil Hogar S.A. De C.V.
Colours India Inc
Alix Partners

July 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search