Gifts Today magazine

Lifetime completes acquisition of Filament

Leading global provider of tableware and kitchenware, Lifetime Brands, announces its acquisition of premier goods company, Filament Brands, with its portfolio of powerful brands and iconic licences

Lifetime Brands, Inc., a leading global provider of branded kitchenware, tableware and other products used in the home, today announced that it has completed its previously announced acquisition of Filament Brands, creating a premier consumer goods company with over US$750 million in net sales and an unparalleled portfolio of powerful brands and iconic licences.

As previously announced, effective today as a result of completing the transaction, Lifetime will be led by Robert Kay, formerly chairman and CEO of Filament, as CEO, and Jeffrey Siegel, formerly chairman and CEO of Lifetime, as executive chairman. Ronald Shiftan will continue as vice chairman and COO and Daniel Siegel will continue as president of Lifetime. Tim Simmone, formerly COO of Filament, will become chief integration officer. 

Additionally, the Lifetime Brands Board of Directors will expand to include Mr. Kay, Bruce G. Pollack and Michael P. Schnabel. Messrs. Pollack and Schnabel are, respectively, Managing Partner and Managing Director of Centre Partners Management, LLC. 

Jeffrey Siegel says, “We are excited to complete this transformational transaction, which creates a company with the number one position in key product areas, a diversified customer base with marquee partnerships and a robust product development team and pipeline.” 

Robert Kay adds, “Lifetime Brands is well-positioned with the scale and capabilities to bring even more great ideas to market and continue to drive significant value creation over the long-term. I look forward to leading the newly combined team as we continue to invest in our world-class brands and grow the business.” 

Lifetime will continue to be headquartered in Garden City, New York, with a significant presence in Seattle, Washington, and will maintain its regional facilities around the world.

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