Greenfield Group sells La Cafetière

The Greenfield Group Ltd. has sold the business and certain assets of La Cafetière to Lifetime Brands Inc. Financial terms weren’t announced. La Cafetière designs and distributes products to brew and serve coffee and tea including the La Cafetière French presses.

PRESS RELEASE

Livingstone is pleased to announce the acquisition of the business and certain assets of La Cafetière from The Greenfield Group Limited, including exclusive distribution rights, by Lifetime Brands, Inc. (NASDAQ GS: LCUT) (“Lifetime”). Livingstone acted as the exclusive financial advisor to Lifetime. Deal terms were not disclosed.
La Cafetière designs and distributes products to brew and serve coffee and tea including iconic La Cafetière French presses. The company’s products are marketed worldwide under the La Cafetière® and Randwyck® brands.
Jeffrey Siegel, Lifetime’s Chairman and Chief Executive Officer, commented, “The addition of the La Cafetière® and Randwyck® brands to Lifetime’s global platform further strengthens our presence in the United Kingdom and Continental Europe and, together with the recent acquisition of Kitchen Craft, confirms Lifetime’s position as a global leader in the kitchenware and tableware categories.”
Livingstone has advised Lifetime on three cross-border acquisitions since 2011, helping the publicly-held company develop and implement its global acquisition strategy. Prior transactions include Creative Tops Limited and Creative Tops Far East in 2011 and Kitchen Craft in January 2014.
Livingstone Director Daniel Domberger added, “We are delighted to have helped Lifetime complete another acquisition – this one spanning three countries. The acquisition of La Cafetière strengthens Lifetime’s presence in the UK and Europe and brings further attractive product ranges into its offering.”
“This transaction exemplifies the methodical manner in which Livingstone assists serial clients in building their businesses. Three trans-Atlantic deals for one client over three years demonstrates the value of our differentiated global reach,” added Livingstone Director Ryan Buckley.
The Lifetime / La Cafetière deal represents Livingstone’s 12th consumer transaction in the last 12 months.
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About Lifetime Brands
Lifetime Brands is a leading global provider of kitchenware, tableware and other products used in the home. The Company markets its products under such well-known kitchenware brands as Farberware®, KitchenAid®, Colourworks®, Fred® & Friends, Kitchen Craft®, Kizmos™, Master Class®, Misto®, Pedrini®, Sabatier®, Savora™ and Vasconia®; respected tableware brands such as Mikasa®, Pfaltzgraff®, Creative Tops®, Gorham®, International® Silver, Kirk Stieff®, Sasaki®, Towle® Silversmiths, Tuttle®, Wallace®, V&A® and Royal Botanic Gardens Kew®; and home solutions brands, including Kamenstein®, Bombay® and BUILT®. The Company also provides exclusive private label products to leading retailers worldwide. Visit www.lifetimebrands.com for more information.

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