M&A Deal Summary

The Container Store Acquires Closet Works

On January 3, 2022, The Container Store acquired building materials company Closet Works for 22M USD

Acquisition Highlights
  • This is The Container Store’s 1st transaction in the Building Materials sector.
  • This is The Container Store’s largest (disclosed) transaction.
  • This is The Container Store’s 1st transaction in the United States.
  • This is The Container Store’s 1st transaction in Illinois.

M&A Deal Summary
Date 2022-01-03
Target Closet Works
Sector Building Materials
Buyer(s) The Container Store
Deal Type Add-on Acquisition
Deal Value 22M USD

Target

Closet Works

Elmhurst, Illinois, United States
Closet Works is a designer, manufacturer, and supplier of wood-based custom home storage and organization solutions. Closet Works was founded in 1987 and is based in Elmhurst, Illinois.

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Buyer(S) 1

Buyer

The Container Store

Coppell, Texas, United States
Category Company
Founded 1978
Sector Retail
Employees2,000
Revenue 848M USD (2024)
DESCRIPTION

The Container Store is a specialty retailer of storage and organizational solutions. The Company currently operates highly-productive destination specialty retail stores across the U.S., an internet and mail order business, and a wholesale business. The Container Store was founded in 1978 and is based in Coppell, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

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