Creative Tops boost international focus with Lifetime Brands
This week sees yet another acquisition in the Tableware industry, as we learn Creative Tops joins Lifetime Brands.
Both Creative Tops and Creative Tops Far East Limited have been acquired by Lifetime Brands Inc, who currently stand as one of the largest brands in tableware, home décor and kitchenware organisations in the US.
The move is said to aid and fuel Creative Top's ambition to develop and expand into existing and international markets.
This strategic acquisition will significantly broaden the Creative Tops product range whilst helping to introduce some of Creative Tops' most successful tableware brands including V&A(r), Katie Alice(r) and The Royal Botanic Gardens, Kew(r), to new retailers across North and Central America.
Jeffrey Siegel, Lifetime's Chairman, President and Chief Executive Officer, commented: "The acquisition of Creative Tops and CTFE represents a compelling, multifaceted opportunity that will allow us to accelerate our growth and to strengthen our businesses.
"Creative Tops is a highly regarded resource for private label and branded tableware and kitchenware products with significant design and supply chain infrastructure. We are impressed by the quality, commitment and passion of Creative Tops' management and expect the continuing management team, under the leadership of Patricia Dawson to integrate seamlessly into Lifetime's operating structure, enabling Creative Tops to increase its rate of growth and profitability beyond what it would be able to achieve on its own."
www.creative-tops.com
www.lifetimebrands.com
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