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Friday, Aug. 14, 1998
Business Briefs
USA Floral Products Inc. buys Florimex Worldwide
From Staff Writer wire services
WASHINGTON - USA Floral Products Inc. has agreed to acquire Florimex Worldwide, a floral-products importer and distributor, for about $90 million plus assumed debt.
USA Floral said Thursday that the agreement, expected to close next month, will create a combined company with annual revenue of nearly $1 billion. USA Floral, based in Washington, is a floral-products distributor.
Florimex, which comprises a number of Dimon Inc. units, has fiscal 1998 revenue of about $400 million. Dimon Inc., based in Danville, Va., is a leaf-tobacco dealer and importer and distributor of flowers.Post your comments about local news eventsFront Page || Main Index || News || Business || Texas || South Texas Outdoors || Birdwatching || Sports || Entertainment || Selena || Education || South Texas Attractions || World Wide Web