1-800-FLOWERS.COM acquired Napco Marketing Corp. for $9.5 million, structured as Asset purchase for cash.
Napco Marketing Corp. operates in BloomNet Wire Service, is based in Jacksonville, Florida. In July 2008 the Company acquired selected assets of Napco Marketing Corp., a wholesale merchandiser and marketer of products designed primarily for the floral industry, including a 180,000 square foot administrative and fulfillment center in Jacksonville, Florida.
Enhanced the wholesale capability of BloomNet and complemented the product line already offered to member florists.
Advisory firms were not disclosed for this transaction.