Bed Bath & Beyond Moves to Acquire F9 Brands to Expand Home Services Platform
- brg_news_room
- 6 days ago
- 1 min read
USA: Bed Bath & Beyond Inc., the parent company of Bed Bath & Beyond, Overstock, buybuy BABY, and Kirkland’s, has signed a letter of intent to acquire the equity interests and most assets of F9 Brands Inc. The transaction is valued at approximately $150 million, comprising $37 million in cash and around 16 million shares of BBBY stock priced at $7.00 per share, reflecting a current value of about $107 million.
F9 Brands owns and operates businesses including Lumber Liquidators, Cabinets To Go, Gracious Home / Thos. Baker, and Southwind Building Products.
According to the company, the acquisition supports its strategy to develop a nationwide, fully integrated home services platform under the “Beyond Home Services” brand. Jason Delves, who has served as President and CEO of F9 Brands since 2019, is expected to lead the new platform as CEO.
Source: Bath & Beyond Inc
