Mepra, an Italian flatware and food service manufacturer, has acquired Punto Soave, an Italian manufacturer of custom tableware goods. Together, the brands will offer custom solutions to the hospitality market, the companies said. The merged businesses will keep operating under separate names, but the two brands will go to market together.
Hudson’s Bay Company has completed the sale of Lord + Taylor to Le Tote, a leading fashion rental subscription service, for $75 million in cash and a secured promissory note for $25 million payable in cash after two years, subject to customary adjustments.
International Market Centers is buying the 50,542-square-foot showroom building located at 121 North Hamilton Street in downtown High Point.
Hudson Group has signed an agreement to acquire assets related to the operation of Brookstone stores in U.S. airports from Apex Digital. Hudson has also obtained the right to be the exclusive airport retailer to operate Brookstone stores through a license agreement with Bluestar Alliance, owner of the Brookstone brand and trademarks.
High-end kitchen electrics and appliance supplier Smeg has acquired La Pavoni, an Italian-based company known for the production of upscale domestic and commercial espresso machines.
Ace Hardware has completed the acquisition of Handyman Matters, a franchisor of home repair, maintenance, and improvement services based in Denver. Handyman Matters will become Ace Handyman Services and operate as a new stand-alone, subsidiary of Ace Hardware Corp.
Liberty Tax has struck a deal with Sears Hometown & Outlet Stores to acquire the Outlet part of that company’s business as well as, in an affiliated transaction, a group of franchised Buddy’s Home Furnishings stores in an all-cash transaction valued at up to $132.9 million.
Weeks after settling litigation related to a purchase deal, Rent-A-Center has entered into a definitive agreement to acquire substantially all of the assets of C/C Financial Corp., which does business as Merchants Preferred, a nationwide provider of virtual rent-to-own services.
Showa Denko K.K., a Japanese conglomerate and parent company of Chicago-based GMM Nonstick Coatings, has acquired all shares of the ILAG Group. ILAG is a specialty non-stick coating chemicals manufacturing company headquartered in Zurich, Switzerland.