1-800-FLOWERS.COM acquired DesignPac Gifts, LLC for $33.3 million, structured as Acquisition of DesignPac Gifts, LLC (April 2008).
DesignPac Gifts, LLC operates in Gourmet Foods & Gift Baskets, is based in United States. In April 2008, 1-800-FLOWERS.COM acquired DesignPac Gifts, LLC, a designer, assembler and distributor of wholesale gourmet gift baskets, gourmet food towers and gift sets, including a broad range of branded and private-label components. The acquisition facilitated the launch of the company's direct-to-consumer 1-800-Baskets.com gift baskets brand. (Disclosed in the company's Form 10-K; no dedicated acquisition 8-K was filed.)
Provided manufacturing and assembly capabilities that enabled the launch of the direct-to-consumer 1-800-Baskets.com brand and strengthened the gift-basket category.
Vertical integration of gift-basket manufacturing supporting the 1-800-Baskets.com direct-to-consumer launch. Operated as 1-800-Baskets/DesignPac within the Gourmet Foods & Gift Baskets segment.
Advisory firms were not disclosed for this transaction.