Bed Bath & Beyond is set to acquire The Container Store.

The Utah company will take over the Coppell-based retail chain that helps customers organize their home with a purchase price of $150 million, according to regulatory filings. The transaction, which includes brands Elfa and Closet Works, is set to close later this year. 

With the new deal, store locations will be branded The Container Store / Bed Bath and Beyond.

“We have studied The Container Store business for over eighteen months because it brings not only more than 100 trophy locations, but also a culture and operating discipline that aligns with the standards we are building,” Marcus Lemonis, executive chairman and CEO of Bed Bath & Beyond, said in a letter to shareholders. “These locations represent over 2.2 million square feet of premium retail space.”

The announcement follows a deal in 2024 by the parent of Bed Bath & Beyond that included $40 million, but that fell into trouble, and The Container Store filed for bankruptcy. It emerged from Chapter 11 last year. 

“In 2024, we had the opportunity to invest and chose not to move forward due to my concerns around leadership, strategic direction of the brand, and the health of the company’s balance sheet,” Lemonis said. 

The Container Store is set for a new chapter after facing headwinds that led to the bankruptcy. Other retailers have faced challenges, including Joann, Saks Global and Macy’s, which have seen store closures. 

Bed Bath & Beyond, which includes its namesake, Overstock and buybuy BABY, last year acquired Kirkland’s Home trade name and related assets. The Container Store helps customers with closets, racks and other offerings. 

“This transaction will fill critical gaps in both our retail and home services strategy,” Lemonis said.  “… With an average footprint of approximately 21,000 square feet per store, these locations will feature a combination of merchandise across bed, bath, storage and organization, kitchen, and entertaining.”

“More importantly, they will significantly expand their existing home services offering.”