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Article: Russ Berrie Exploring Strategic Options.(News)
- Article from:
- Mergers & Acquisitions Report
- Article date:
- June 1, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Avram Davis
Russ Berrie and Company, Inc., the infants and kids consumer products company, is exploring strategic alternatives, which may include a sale or divestiture of select assets.
The Oakland, New Jersey-based company said it would examine "a full spectrum" of strategic alternatives to address its present challenges. It was only a year ago that the company was a buyer in the market, as it acquired infant furniture and bedding supplies companies LaJobi Industries and CoCaLo for a total of $63 million. However, in December, Russ Berrie unloaded its gift business, and subsequently recieved inquiries on its remaining assets.
In a ...
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