Business
FirsTime Design Limited Announces Proposed Acquisition of InnerSpace Luxury Products
FirsTime Design Limited Announces Proposed Acquisition of InnerSpace Luxury Products.
About this update from Firstime Design Ltd.
[{"type":"text","content":"\n \n FIRSTIME DESIGN LIMITED (FTDL) - Last week, FirsTime Design’s Board of \n Directors unanimously approved the company entering into final \n negotiations to acquire InnerSpace Luxury Products of Dalton, GA.\n \n \n InnerSpace distributes differentiated products in the home goods and \n transportation industries and will provide FirsTime with opportunities \n for diversification, as well as operating synergies, to expand its \n expertise in design and home décor.\n \n \n Andrew Bass, Chairman of the Capital Allocation Committee, says \n “InnerSpace has a 20 year reputation of excellence in execution of \n product delivery and customer service. It is an ideal fit with our core \n home décor business as InnerSpace has a sizable online presence in home \n goods, as well as sales outside of our traditional brick and mortar \n retail channel into the transportation industry. FirsTime is excited to \n leverage its marketing, design, sourcing, and distribution expertise to \n expand InnerSpace’s current operations and product offerings.”\n \n \n About FirsTime Design Limited\n \n \n FirsTime Design Limited, through its subsidiary, FirsTime Manufactory, \n Inc., is an industry leading designer, marketer and distributor of \n decorative home décor products sold at through major-national retailers \n and e-commerce channels. More information can be found at: www.firstimeonline.com \n or http://www.otcmarkets.com/stock/FTDL/quote.\n \n \n \n View source version on businesswire.com: http://www.businesswire.com/news/home/20170522006333/en/","length":2726,"tagName":"div"}]