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Crabtree & Evelyn to be acquired by Malaysian raw materials manufacturer.

This article was originally published in The Rose Sheet

Executive Summary

CRABTREE & EVELYN TO BE ACQUIRED BY KUALA LUMPUR KEPONG BERHAD within the next 30-60 days, the personal care and specialty gift product manufacturer and retailer announced May 21. Issued in the form of a memo from Crabtree & Evelyn principals Cy, Rebecca and Natasha Harvey, the announcement describes Kuala Lumpur, Malaysia-based KLK as a "financially strong company" with businesses ranging from production and processing of palm products, natural rubber and cocoa to ownership of companies involved in manufacturing, plantation property development and overseas investment holdings.
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