US headquartered kidswear retailer Carter’s said it has acquired Skip Hop Holdings, a global lifestyle brand for young children, from Fireman Capital Partners, a private equity firm. Skip Hop offers young children several essential products, which are distributed and sold in more than 5,000 stores in the United States and also around 60 countries.

The acquisition of Skip Hop is expected to be accretive to Carter’s adjusted earnings per share in fiscal 2017, excluding the impact of non-recurring transaction or integration-related expenses.

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“Skip Hop has built a strong reputation for innovative, essential core products for families with young children,” Carter’s CEO Michael Casey said. “Its product offering nicely complements our brand.”