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Summer Infant Inc Announces Acquisition of Little Looster Potty Training Accessory

Thursday, 27 Jun 2013 04:30pm EDT 

Summer Infant Inc announced that it has acquired the assets of Little Looster, LLC., a designer and manufacturer of the Little Looster potty training step stool. The transaction is expected to be immediately accretive. Under the terms of the transaction, Summer Infant has acquired all of the company's intellectual property, which includes a patent, trade names and website, as well as the tooling (injection mold) for manufacturing, for a purchase price of approximately $100,000 in cash and an ongoing royalty payment. 

Company Quote

-0.2 -5.97%
24 Oct 2014