Crown Crafts Acquires Bibsters from P&G
June 1, 2010,
GONZALES, La.-Crown Crafts has purchased the Bibsters product line from Procter & Gamble.
The deal, which was made through Crown Crafts' Hamco subsidiary, adds the Bibsters line of disposable bibs to the company's offerings of baby products.
E. Randall Chestnut, chairman, president and chief executive officer of Crown Crafts, said the company anticipates that this acquisition will add $3 million to its annual net sales.