Lifetime Brands, Inc. a New York-based designer, marketer & distributor of branded consumer products for the home, announced recently that it had acquired certain tabletop assets from Salton, Inc. The purchase price was approximately US$ 14.2M. The acquisition extends Lifetime's distribution to the fine china & crystal categories. The assets include Salton's Block & Sasaki brands, licenses to market Calvin Klein & NapaStyleTM tabletop products & distribution of upscale crystal products under the Atlantis brand. In addition, Lifetime entered into a new license with Salton to market tabletop products under the Stiffel brand. Net sales related to the acquired assets were approximately US$ 20M to 30/06/05. Lifetime's products are distributed through almost every major retailer in the United States.
