Lifetime Brands Acquires Novelty Housewares Company Fred & Friends
Friday December 21st, 2012 - 8:48AM
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
Lifetime Brands, Inc. has acquired the business and certain assets of Easy Aces, Inc., which operates under the name Fred & Friends. F&F designs and markets novelty housewares and other products under the Fred brand.
Fred products include innovative and fun-themed kitchen tools, tabletop accessories, party goods, personal accessories and desk and tech products, according to Lifetime. Fred products are primarily distributed through independent specialty stores, selected major retailers and small chains, primarily in the United States and Canada.
Jeffrey Siegel, Lifetime’s chairman, president and CEO, said, “Lifetime’s access to international markets in Europe, Mexico, Brazil and China provides opportunities to introduce Fred products into new markets and distribution channels. At the same time, Lifetime will benefit from F&F’s strong relationships with independent specialty stores, which should enable Lifetime to increase distribution of our recently introduced Savor a line of unique upscale kitchen tools and gadgets, which is targeted to this retail segment.”
Frederick Roses, F&F’s founder, said, “Our very motivated and talented team looks forward to becoming a part of Lifetime. We’ll get to keep doing what we’re best at— designing products that put smiles on peoples’ faces and working with our designers, suppliers and customers— and let the folks at Lifetime take care of the rest.”
F&F’s website is www.fredandfriends.com. The company is located in Cumberland, RI.
Terms of the acquisition were not announced.
Tags: Housewares Tabletop Gadgets & Kitchen Tools
After decades of following consumers to the suburbs, retailers are plotting to get ahead of a growing segment of the population’s return to the cities.