Announced
Financials
Sources
Tags
Private
Single Bidder
Majority
furniture
Specialty Retailers
United States
Pending
Friendly
Acquisition
Domestic
Synopsis
J.B. Hunt Transport Services, a supply chain solutions providers, agreed to acquire Freight Lines, a manufacturer and marketer of high-quality home furnishings, from Bassett, a furniture manufacturer and retailer, for $87m. “This investment enhances J.B. Hunt’s furniture delivery capabilities by expanding our nationwide, end- to-end supply chain solution for our customers, and we look forward to establishing a long-term connection with Bassett, a manufacturer and retailer of high-quality home furnishings and a leader in the industry,” John Roberts, J.B. Hunt President and CEO.
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