Children's furniture and toy provider KidKraft Inc. has been acquired by MidOcean Partners, a private equity firm. Terms of the deal, announced July 15, were not released.

Kid Brands is closing its LaJobi wood furniture operation, a move which the company says will save it $4 million to $6 million in annualized savings.

Kid Brands announced it has decided to suspend the wood furniture operations of its LaJobi business unit.

Raphael Benaroya, president and CEO of Kid Brands Inc., which includes LaJobi children's furniture, outlined a plan to bring the company back to profitability.

Kid Brands, Inc. (NYSE: KID) today reported financial results for the three months ended March 31, 2013.

Stork Craft and Furniture Brands have signed a licensing agreement to produce and market juvenile and kids furnishings under the FBI brands Broyhill, Lane, Thomasville and Drexel Heritage.

Stork Craft Manufacturing, Inc. has entered into a licensing agreement with Furniture Brands International, Inc. to develop and market juvenile/kids furnishings under the respective trademarks/brands of Broyhill, Lane, Thomasville and Drexel Heritage.