Add-on Acquisition • Building Materials

The Container Store Acquires Closet Works

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

Acquisition Context

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.

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M&A Deal Summary
Date	January 3, 2022
Target	Closet Works
Sector	Building Materials
Buyer(s)	The Container Store
Deal Type	Add-on Acquisition
Deal Value	22M USD

Target Company

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 Overview 1

Buyer

The Container Store

Coppell, Texas, United States

Category	Company
Founded	1978
Sector	Retail
Employees	2,000
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 Context for Buyer	#
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

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