Lifetime Hoan Acquires :USE - Tools for Civilization

WESTBURY, N.Y., Oct 27, 2003 (BUSINESS WIRE) -- LIFETIME HOAN CORPORATION (Nasdaq:LCUT), a leading marketer of housewares, today announced it has acquired the business and certain assets of :USE(TM), a company focused on creating contemporary lifestyle products for the home, including decorative hardware, mirrors and lighting for the bath, as well as decorative window accessories.

USE was founded in 1995 by noted industrial designer Robert Sonneman, who has a long record of accomplishment in designing products for the home. The USE(TM) product line is currently available at selected upscale retailers such as The EXPO Design Center, independent specialty stores and through lighting and decorator showrooms. Terms of the acquisition were not disclosed.

Jeffrey Siegel, chairman and chief executive officer, commented, "Our acquisition of USE is especially exciting because it enables Lifetime Hoan to expand our product line beyond the kitchen into other areas of the home. Like Lifetime Hoan, USE has established a reputation for design excellence that sets its products apart from its competitors'. We look forward to working with Robert Sonneman, who will continue to design the USE(TM) product line."

Lifetime Hoan Corporation is a leading designer, marketer and distributor of household cutlery, kitchenware, cutting boards, pantryware and bakeware, marketing its products under various trade names including Farberware(R) and Hoffritz(R). Through the use of various brand names, Lifetime Hoan's products are distributed through almost every major retailer in the U.S.

SOURCE: Lifetime Hoan Corporation

Lifetime Hoan Corporation
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