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Crown signs licensing deal, acquires product lines

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GONZALES, La. (AP) — A subsidiary of Crown Crafts Inc. has expanded its licensing agreement with Carter's Inc. to offer infant bed sets and decor.

The Advocate reports (http://bit.ly/1AtSu2x ) Gonzales-based Crown Crafts also is acquiring the Kidsline and CoCaLo brand names from subsidiaries of Kid Brands Inc. for $1.35 million.

Crown Crafts Infant Products' acquisition of the Kidsline and CoCaLo brands must be approved by a U.S. Bankruptcy Court judge in New Jersey as part of Chapter 11 bankruptcy proceedings by Kid Brands Inc.

The company has held a licensing deal with Carter's for toddler bedding products for two years.

The new agreement with Carter's is part of Crown's effort to expand its offerings in the infant and toddler bedding market, Crown CEO E. Randall Chestnut says.

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Information from: The Advocate, http://theadvocate.com

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