By Colin KellaherShares of Container Store Group Inc. rose more than 10% on Monday after the specialty retailer of storage and organization products said it acquired privately held Closet Works for $21.5 million. Container Store said the acquisition of Chicago-based home-storage solutions and closet-organization company Closet Works will expand its manufacturing capabilities to include wood-based spaces and enhance its premium wood-based product offering.

Source: Wall Street Journal January 03, 2022 17:26 UTC