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Closet & Storage Concepts acquires More Space Place

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Closet & Storage Concepts, based in the West Berlin section of Berlin Township, announced today it has acquired More Space Place, maker of furniture and home organization products. Financial terms were not disclosed.

According to the announcement, combined system-wide sales are projected to be approximately $40 million with more than 400 employees and 39 locations nationwide, positioning Closet & Storage Concepts as one of the largest companies in the "space-saving" home furnishings & improvement industry.

The privately held company was founded in 1987 by President and CEO Bob Lewis in the southern New Jersey/Philadelphia market and has has 11 locations, three company-owned and eight franchise-owned, in nine states, the company said in statement.

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