Kid Brands ‘Kids Line’ and ‘CoCaLo’ Fetch $8 Million From TG Valentine LLC

Kid Brands Inc., a designer and distributor of infant and juvenile products, got the green light to sell almost all assets of its “Kids Line” and “CoCaLo” businesses and specified intellectual property assets of “LaJobi” to TG Valentine LLC for $8 million, subject to adjustment, plus assumption of specified liabilities (In re Kid Brands Inc., Bankr. D.N.J., No. 14-22582, sale approved).

The bankruptcy judge in Newark, N.J., signed an order Sept. 8 approving the sale.

The buyer’s owner is the former president of Kids Line and CoCaLo, according to court papers. He is currently employed by Kid Brands ...