Acquisition Extends Lifetime’s Reach into the Coffee and Tea
Accessories Business
GARDEN CITY, N.Y.--(BUSINESS WIRE)--Mar. 12, 2014--
Lifetime Brands, Inc. (NASDAQ GS: LCUT), a global provider of
branded kitchenware, tableware and other products used in the home,
today announced that it has acquired the business and certain assets of
La Cafetière from The Greenfield Group Limited including exclusive
distribution rights.
La Cafetière designs and distributes products to brew and serve coffee
and tea. Its products are marketed worldwide under the La Cafetière®
and Randwyck® brands. The company’s websites are www.lacafetiere.com
and www.randwyck.com.
Jeffrey Siegel, Lifetime’s Chairman and Chief Executive Officer,
commented,
“The addition of the La Cafetière® and Randwyck® brands to Lifetime’s
global platform further strengthens our presence in the United Kingdom
and Continental Europe and, together with the recent acquisition of
Kitchen Craft, confirms Lifetime’s position as a global leader in the
kitchenware and tableware categories.”
Lifetime was advised by Livingstone Partners LLP, Gateley LLP,
Shakespeares Legal LLP Kennedy Van der Laan, Ernst & Young LLP and
Varney Barfield.
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®, Colourworks®, Fred® &
Friends, Kitchen Craft®, Kizmos™, Master Class®,
Misto®, 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® and BUILT®.
The Company also provides exclusive private label products to leading
retailers worldwide.
Lifetime’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, 212-838-3777
SVP
hfried@lhai.com
