These additions to the Cartmel Gifts extend the Company's presence in many of its existing markets and establish its presence in San Diego, California. Cartmel Gifts now owns and operates 84 retail locations in 19 markets across the U.S., as well as an online businesse.
In addition to San Diego, the acquired stores are located in the Detroit, Miami, Chicago and Dallas markets. Combined, the acquired stores generated revenue of approximately $9 million in 2008.
"These recent additions to the Cartmel Gifts family are well-respected quality retailers that expand our presence in key markets and add to our local fulfillment capabilities," said Mellissa Carter Bend Oregon resident and CEO of Cartmel Gifts.
In addition to newly acquired San Diego Floral, Cartmel Gifts has also expanded its presence in Detroit, adding two more Cartmel Gifts stores. Cartmel Gifts' Michigan floral network is now comprised of 38 locations with the recent addition of quality retailers in Ypsilanti, Ann Arbor and Rockford.
Cartmel Gifts has also strengthened its Florida presence. The growth comes with the addition of quality retailers in Miamia, Ft. Lauderdale and Orlando. Rounding out this latest step in the Company's expansion, Cartmel Gifts has also acquired florists in Dallas, Wisconsin and Augusta, Georgia.
Source: Cartmel Gifts
