GARDEN CITY, N.Y.--(BUSINESS WIRE)--Mar. 4, 2014--
Lifetime Brands, Inc. (NASDAQGS:LCUT), a leading global provider
of kitchenware, tableware and other products used in the home, today
announced that it has acquired the business and certain assets of Built
NY.
BUILT is a designer and distributor of brightly colored, uniquely
patterned Neoprene products, including bags, totes, cases and sleeves.
BUILT’s customer base comprises over 30,000 retail outlets in over 60
countries. The company’s website is www.builtny.com.
Jeffrey Siegel, Lifetime’s Chairman and Chief Executive Officer,
commented, “BUILT is well known and highly regarded for authenticity,
quality and innovation. BUILT’s product line, which embodies ‘the good
life’ spirit, will complement Lifetime’s product portfolio and enhance
our distribution to fine retailers worldwide.”
John Roscoe Swartz, a founder of BUILT who will join Lifetime as
President of Lifetime’s newly-formed BUILT Division, said, “Lifetime's
commitment to design, quality and innovation makes it the perfect
partner for BUILT. We look forward to continuing to deliver to our
customers BUILT's unique combination of design, quality and innovation
for the gourmet life."
Lifetime Brands, Inc.
Lifetime Brands is a leading global provider of kitchenware, tableware
and other products used in the home. The Company markets its products
under such well-known kitchenware brands as Farberware®,
KitchenAid®, Cuisine de France®, Fred® &
Friends, Guy Fieri®, Kitchen Craft®, Kizmos™,
Misto®, Mossy Oak®, Pedrini®, Sabatier®,
Savora™ and Vasconia®; respected tableware brands
such as Mikasa®, Pfaltzgraff®, Creative Tops®,
Gorham®, International® Silver, Kirk Stieff®,
Sasaki®, Towle® Silversmiths, Tuttle®,
Wallace®, V&A® and Royal Botanic Gardens Kew®;
and home solutions brands, including Kamenstein®, Bombay®,
BUILT®, Debbie Meyer® and Design for
Living™. The Company also provides exclusive private label
products to leading retailers worldwide. The Company’s corporate website
is www.lifetimebrands.com.
Forward-Looking Statements
In this press release, the use of the words “believe,” "could,"
"expect," "may," "positioned," "project," "projected," "should," "will,"
"would" or similar expressions is intended to identify forward-looking
statements that represent the Company’s current judgment about possible
future events. The Company believes these judgments are reasonable, but
these statements are not guarantees of any events or financial results,
and actual results may differ materially due to a variety of important
factors.
Source: Lifetime Brands, Inc.
Lifetime Brands, Inc.
Laurence Winoker, 516-203-3590
Chief
Financial Officer
investor.relations@lifetimebrands.com
or
LHA
Harriet
Fried, SVP, 212-838-3777
hfried@lhai.com