Lifetime Brands, Inc. has agreed to acquire the kitchen division of Focus Products Group International, LLC. This division includes the Amco Houseworks, Chicago Metallic and Swing-A-Way brands.
According to Lifetime Brands, the parties intend to sign a definitive purchase agreement in the next two weeks and close the transaction the same day.
“We are delighted to add Focus Kitchen’s iconic brands, which complement Lifetime’s existing bakeware and kitchenware businesses,” said Jeffrey Siegel, Lifetime’s chairman and CEO.
“We are pleased to see the Focus Kitchen brands find an excellent home with Lifetime, allowing us to concentrate on our core brands and businesses,” stated Marc Navarre, president and CEO, Focus Products.