This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Crown Crafts Announces Sales And Distribution Agreement With Cambridge

GONZALES, La., Aug. 8, 2012 /PRNewswire/ -- Crown Crafts, Inc. (NASDAQ-CM: CRWS), today announced that it has entered into a marketing and distribution agreement with the Cambridge Towel Company, Inc. of Cambridge, Ontario, Canada.

Under this agreement Cambridge Towel, with support from Crown Crafts, will market, sell, warehouse and distribute Crown Crafts Infant Products and Hamco product lines throughout Canada.  This will include bedding, blankets and accessories as well as bibs and bath products for infants and toddlers.  Cambridge Towel has hired a dedicated sales and marketing staff with infant industry expertise to provide "on the ground" support and immediate delivery to Canadian retail customers.  

"Cambridge Towel Company is a fashion forward, customer focused manufacturer whose success in their industry is unprecedented," said E. Randall Chestnut, chairman and chief executive officer of Crown Crafts, Inc. "We look forward to this relationship and the benefits it will provide to our Canadian retail partners.  Through Cambridge, Crown Crafts will be able to increase speed to market and product selection while offering immediate on-site support to our customers."

"We are excited to expand our product offerings and enter the infant market here in Canada," said Hugh Thompson, President of Cambridge.  "Crown Crafts is the perfect addition to help us serve the broader needs of our retail customers as we continue to diversify and add product categories."

About Crown Crafts, Inc.

Crown Crafts, Inc. designs, markets and distributes infant, toddler and juvenile consumer products, including crib and toddler bedding and blankets; nursery and bath accessories; reusable and disposable bibs and floor mats; burp cloths; room decor; and disposable placemats, toilet seat covers and changing mats.  The Company's operating subsidiaries include Crown Crafts Infant Products, Inc. in California and Hamco, Inc. in Louisiana.  Crown Crafts is America's largest producer of infant bedding, bibs and bath items.  The Company's products include licensed and branded collections as well as exclusive private label programs for certain of its customers.  The latest news about Crown Crafts can be found at www.crowncrafts.com.

About Cambridge Towel Company, Inc.

Privately held Cambridge Towel Company, Inc. is a Canadian-owned and operated company with 40 years of experience in the textile industry.  Cambridge Towel's status as the only Canadian and largest North American towel manufacturer, along with an unsurpassed product and market knowledge and technical innovation has made Cambridge one of the most trusted and well-known brands in bath fashions.  Cambridge's Product Development, Design and Sales teams are proficient at putting together marketing campaign and merchandising vehicles for retail.  Their shipping and logistics team handles all distribution of products in retail, hospitality and e commerce locations all over the world.  Cambridge Towel boasts a 200,000 square foot distribution center and employs more than 200 people in Ontario Canada. 

Contact:

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs