RSM EquiCo Capital Markets leads negotiations as 1-800-FLOWERS.COM acquires DesignPac

1-800-FLOWERS.COM Inc. (NASDAQ: FLWS) has acquired DesignPac Inc. for $38.25 million. RSM EquiCo Capital Markets LLC led the negotiations and acted as the exclusive financial advisor to DesignPac.
“DesignPac is an important addition to our gourmet food and gift basket business. It brings tremendous capabilities and experience in the design, sourcing, production and distribution of gift baskets and gift sets, as well as strong relationships with many of the leading retailers throughout the country,” said Jim McCann, chief executive of 1-800-FLOWERS.COM. “It also brings an experienced and focused management team that has built a cost-efficient and profitable business that, we believe, can help us enhance the growth and profitability of all our existing gourmet food gift businesses.”