1-800-FLOWERS Buys Cheryl & Co.

Westbury, N.Y., Florist 1-800-FLOWERS.COM added to its offerings by acquiring Cheryl & Co., a Westerville, Ohio-based manufacturer and seller of cookies and related baked gift items. The two companies signed a definitive merger agreement under which 1-800-FLOWERS.COM will acquire all of the stock of Cheryl & Co. in an all-cash purchase valued at approximately $40 million. The agreement is subject to a final vote of Cheryl & Co. shareholders and is expected to close by March 31.

© 2014