Lifetime Brands, Inc.NASDAQ
Thu, Oct. 6, 8:27 AM
- Lifetime Brands (NASDAQ:LCUT) announced acquisition of Copco, a product line from Wilton Brands LLC for an undisclosed term.
- Jeffrey Siegel, Lifetime’s Chairman and Chief Executive Officer, commented, “Like the three kitchen brands we recently acquired from Focus Products Group, the Copco brand fits perfectly into Lifetime’s platform and we have the resources to quickly enhance its performance. Moreover, since Copco branded products are in categories in which Lifetime already is well-established, we expect the acquisition to provide immediate gross margin dollars without any accompanying increase in SG&A.”
- Press Release