Lifetime Brands, Inc. Acquires Fred® & Friends
Fred® products include innovative and fun kitchen tools,
tabletop accessories, party goods, personal accessories and desk and
tech products. Fred® products are primarily distributed
through independent specialty stores, selected major retailers and small
chains, primarily in the U.S. and
“Lifetime’s access to international markets in
“Our very motivated and talented team looks forward to becoming a part of Lifetime. We’ll get to keep doing what we’re best at -- designing products that put smiles on peoples’ faces and working with our designers, suppliers and customers -- and let the folks at Lifetime take care of the rest.”
F&F’s website is www.fredandfriends.com.
The company is located in
The acquisition is expected to be accretive to the Company’s diluted earnings per share in 2013. Terms of the acquisition were not announced.
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. Such factors might include, among others, the Company’s ability to comply with the requirements of its credit agreements; the availability of funding under such credit agreements; the Company’s ability to maintain adequate liquidity and financing sources and an appropriate level of debt; changes in general economic conditions which could affect customer payment practices or consumer spending; the impact of changes in general economic conditions on the Company’s customers; changes in demand for the Company’s products; shortages of and price volatility for certain commodities; significant changes in the competitive environment and the effect of competition on the Company’s markets, including on the Company’s pricing policies, financing sources and an appropriate level of debt.
The Company’s website is www.lifetimebrands.com.
Source:
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