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Advantus Expands Cable Management Solutions with Acquisition of Bluelounge
Tuesday 13 March 2018

13 March 2018 - Florida, US-based durable goods manufacturer Advantus Corp. has acquired the assets of cable management product manufacturer Bluelounge, to expand intelligent, problem-solving solutions, the company said.
Terms of the transaction were not disclosed.
Bluelounge has expanded its cable management product line to include other solution-driven products with an emphasis on organisation for smart phones, tablets and computers.
Advantus said the Bluelounge acquisition will complement its organisational products with intelligent, problem-solving solutions.
Advantus Corp. currently manufactures products in the office, home, craft and hobby, recreation and military channels. Advantus is a consumer products company comprised of five operating divisions, each of which contain a family of related businesses and product lines.
From its 600,000 square feet of owned, domestic manufacturing and warehousing capacity, and with over 100 manufacturing and distribution partners around the globe, Advantus manufactures and distributes its products to a diverse group of customers around the world.
Date Published: 13/03/2018
Target: Bluelounge
Country: USA
Sector: Consumer Products
Type: Corporate acquisition
Financing: Cash and Stock
Status: Closed
Buyer: Advantus Corp
Terms of the deal were not disclosed