M&A Deal Summary

Current Acquires Fine Stationery

On June 1, 2015, Current acquired e-commerce company Fine Stationery from 1-800-Flowers.com

Acquisition Highlights
  • This is Current’s 1st transaction in the E-Commerce sector.
  • This is Current’s 1st transaction in the United States.
  • This is Current’s 1st transaction in Colorado.

M&A Deal Summary
Date 2015-06-01
Target Fine Stationery
Sector E-Commerce
Buyer(s) Current
Sellers(s) 1-800-Flowers.com
Deal Type Divestiture

Target

Fine Stationery

Colorado Springs, Colorado, United States
Fine Stationery provides personalized stationery, invitations, and announcements on the Internet. The company offers party, wedding, and bridal shower invitations; Christmas and holiday cards; and birth and moving announcements. Fine Stationery was founded in 1999 and is based in Colorado Springs, Colorado.

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Buyer(S) 1

Buyer

Current

Colorado Springs, Colorado, United States
Category Company
Founded 1950
Sector Consumer Products
DESCRIPTION

Current is a provider of unique, low-priced personalized gifts, greeting cards, and wrapping paper to customers. Current was founded in 1950 and is based in Colorado Springs, Colorado.

DEAL STATS #
Overall 1 of 1
Sector (E-Commerce) 1 of 1
Type (Divestiture) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1

Seller(S) 1

SELLER

1-800-Flowers.com

Jericho, New York, United States
Category Company
Founded 1976
Sector E-Commerce
Employees4,200
Revenue 2.0B USD (2023)
DESCRIPTION

1-800-Flowers.com is a floral and gift retailer company, that provides a broad range of gift products, including flowers, plants, gourmet foods, candies, gift baskets and other unique gifts to customers around the world through the company's web site, telephone call centers and company owned or franchised stores. 1-800-Flowers was founded in 1976 and is based in Jericho, New York.

DEAL STATS #
Overall 2 of 3
Sector (E-Commerce) 1 of 1
Type (Divestiture) 2 of 3
State (Colorado) 1 of 1
Country (United States) 2 of 3
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-02 Harry & David Holdings

Medford, Oregon, United States

Harry & David Holdings, Inc. is a producer and marketer of branded premium fresh fruit and gourmet foods. Harry & David markets its products through catalogs distributed through the mail, the Internet, business-to-business and consumer telemarketing, Harry & David stores and wholesale distribution.

Buy $143M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-15 Fannie May Confections Brands

Melrose Park, Illinois, United States

Fannie May Confections Brands, Inc. is a manufacturer and distributor of confectionery and specialty food products in the United States and Canada.

Sell $115M
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