Hanna Andersson Sold

Portland, Ore., Hanna Andersson Corp. has been sold to Kellwood Co., a $2 billion marketer of apparel and consumer soft goods, for $175 million.

Founded in 1983, Hanna Andersson markets children's apparel under its own brand label. The products are sold through the company's catalog, 18 retail stores and its Web site.

The Hanna Andersson management team will continue to be led by Philip Iosca, president and CEO.