Crown expands infant bedding line with Carter’s

A subsidiary of Gonzales-based Crown Crafts Inc. has expanded its licensing agreement with Carter’s Inc. to offer infant bed sets and decor and also announced an acquisition of the Kidsline and CoCaLo brand names from subsidiaries of Kid Brands Inc. for $1.35 million in cash.

Crown Crafts Infant Products Inc.’s acquisition of the Kidsline and CoCaLo brands must be approved by the U.S. Bankruptcy Court for the District of New Jersey as part of Chapter 11 bankruptcy proceedings initiated by Kid Brands Inc. No physical assets will be included in the acquisition

Meanwhile, Crown Crafts Infant Products Inc. has had a licensing deal with Carter’s for toddler bedding products for the past two years.

The new agreement with Carter’s is part of Crown’s effort to expand its offerings of popular, high-quality brands and licensed products in the infant and toddler bedding market, said E. Randall Chestnut, Crown’s chairman, president and chief executive officer.