Lifetime Brands acquires La Cafetiere
Arrowpoint Advisory's Consumer sector team is pleased to announce the acquisition by Lifetime Brands, Inc. of the business and certain assets of La Cafetière from The Greenfield Group Limited, including exclusive distribution rights. Arrowpoint Advisory advised Lifetime on the transaction.
Lifetime is a global provider of branded kitchenware, tableware and other products used in the home. The group markets its products in the UK and internationally under well-recognised consumer brand names.
Arrowpoint Advisory previously advised Lifetime on its acquisitions of Creative Tops and Kitchen Craft, helping the NASDAQ-listed company to develop and implement its global acquisition strategy.
With operations in the UK, Europe and the USA, La Cafetière designs and distributes products to brew and serve coffee and tea including iconic La Cafetière French presses. Its products are marketed worldwide under the La Cafetière® and Randwyck® brands.
Jeffrey Siegel, Lifetime's Chairman and Chief Executive Officer, commented, "This is the third transaction we have completed with Arrowpoint Advisory at our side, and as always we have valued their expertise, enthusiasm and tenacity in completing what proved to be an intricate cross-border deal."
Daniel Domberger, Managing Director, Arrowpoint Advisory, 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."
The Consumer sector is one of the five core industries that Arrowpoint Advisory focuses on; the La Cafetière deal is the 12th Consumer transaction in the last 12 months.