will become a wholly owned subsidiary of 1-800-FLOWERS.COM, Inc. The acquisition, for $252.0 million in cash (subject to certain working capital and other adjustments), includes the website and its new, state-of-the-art 360,000 square foot production and distribution facility in Bolingbrook, Illinois. “We expect to be accretive to our top and bottom-line results in fiscal 2021,” he said. McCann noted that has achieved steady financial growth for the past several years, with revenues reaching more than $150 million in its most recent year.
The broad assortment of customizable products and processes that have made a premier provider of keepsake items will help us further our company’s vision to inspire more human expression, connection and celebration while enhancing our position as the leading one-stop destination for all our customers’ celebratory and gifting occasions.” (NASDAQ: FLWS) (the “Company”), a leading provider of gifts designed to help customers express, connect and celebrate, today announced the signing of a definitive agreement to acquire, a leading online retailer of personalized products that offers thousands of products available with a broad range of innovative personalization options.Ĭhris McCann, CEO 1-800-FLOWERS.COM, Inc., said, “PersonalizationMall’s extensive product offering and industry-leading personalization capabilities will be an excellent addition to our growing family of popular gifting brands.
CARLE PLACE, N.Y.-( BUSINESS WIRE)-1-800-FLOWERS.COM, Inc.
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