BROWN-FORMAN SELLS LUGGAGE UNIT
Brown-Forman announced intentions to sell Hartmann Inc. yesterday, April 23. The unit sells leather good and luggage and will be sold to private equity firm Clarion Capital Partners LLC. Terms of the deal were not disclosed.
Hartman was the last B-F unit not focused entirely on alcoholic beverages. Last year,
B-F also sold its Lenox crystal subsidiary to Eden Prairie for nearly $200 million.
The sell will allow the company to "concentrate its energies even further on our successful and growing global alcoholic beverage business," said chief Paul Varga in a press release issued by the company.
Hartman was the last B-F unit not focused entirely on alcoholic beverages. Last year,
B-F also sold its Lenox crystal subsidiary to Eden Prairie for nearly $200 million.
The sell will allow the company to "concentrate its energies even further on our successful and growing global alcoholic beverage business," said chief Paul Varga in a press release issued by the company.
posted at 1:52 PM
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