Ceramic Industry News

Lifetime Brands Acquires Creative Tops

November 10, 2011
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Lifetime Brands Inc. recently announced it has acquired Creative Tops Ltd. and Creative Tops Far East Ltd. (CTFE).Creative Tops is a leading wholesale provider of tableware, kitchenware and giftware products in the UK. Its principal office and distribution facilities are located in Corby, in the East Midlands region of England. CTFE is based in Hong Kong and provides sourcing and other services for Creative Tops and its customers. For its fiscal year ended March 31, Creative Tops and CTFE had combined net revenues of approximately $42.3 million.

“The acquisition of Creative Tops and CTFE represents a compelling, multifaceted opportunity that will allow us to accelerate our growth and to strengthen our business,” said Jeffrey Siegel, chairman, president and CEO of Lifetime. “Creative Tops is a highly regarded provider of private label and branded housewares products. The company focuses on quality and design, and has an extensive sourcing infrastructure.

“The acquisition reflects our ongoing commitment to building shareholder value through growth in revenues, net income and diluted earnings per share. Together with Lifetime’s established partnerships in North and Central America, this strategic combination creates a global leader in the housewares business with a focus on quality and innovation.”

For more information, visit www.creative-tops.com or www.lifetimebrands.com.

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