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A.C. Moore to be acquired for $40.8 million
Berlin, N.J. — The 134-store arts and crafts chain A.C. Moore said Tuesday it has agreed to be acquired by an affiliate of arts and crafts distributor Sbar’s Inc. for about $40.8 million.
Last January, the company said it had formed a committee to review strategic alternatives, including a potential sale.
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Home Depot exec joins SMS Assist as COO
CHICAGO -- SMS Assist announced that Matthew Pitts has been named COO of the technology- driven facilities maintenance company.
Pitts previously served as VP of building services for The Home Depot. During his two decade career at the home improvement chain, Pitts created retailer’s highly regarded in-house facilities management organization, overseeing more than 2,000 stores and more than $1 billion in annual facilities maintenance spend.