Lifetime Brands buys Copco product line from Wilton Industries
"The Copco brand fits perfectly into Lifetime's platform, and we have the resources to quickly enhance its performance," Lifetime chairman and chief executive Jeffrey Siegel, seen in December 2010, said in a statement Thursday, Oct. 6, 2016. Credit: Danny Ghitis
Garden City-based Lifetime Brands Inc. has acquired the Copco product line from Wilton Industries Inc., headquartered in Woodridge, Illinois.
Lifetime Brands, which sells branded kitchenware, tableware and other products, including Farberware and KitchenAid, bought the Copco division for an undisclosed amount, company officials said Thursday.
Copco, founded in 1960, sells insulated water bottles, tea kettles and kitchen organization products. Wilton Enterprises, founded in 1929, is known for its bakeware and tea kettles.
“The Copco brand fits perfectly into Lifetime’s platform, and we have the resources to quickly enhance its performance,” Lifetime chairman and chief executive Jeffrey Siegel said in a statement. “Moreover, since Copco branded products are in categories in which Lifetime already is well-established, we expect the acquisition to provide immediate gross margin dollars without any accompanying increase in” selling, general and administrative expenses.
Sarra Sounds Off, Ep.16: From Island to island, how football helped overcome tragedy Newsday's Gregg Sarra talks to Carey football player James McGrath about how he has persevered after losing his parents at a young age, and to the Lahainaluna (Hawaii) High School football coach about how his team persevered after the Maui wildfires of 2023, plus a behind-the-scenes look at the All-Long Island teams photo shoot.
Sarra Sounds Off, Ep.16: From Island to island, how football helped overcome tragedy Newsday's Gregg Sarra talks to Carey football player James McGrath about how he has persevered after losing his parents at a young age, and to the Lahainaluna (Hawaii) High School football coach about how his team persevered after the Maui wildfires of 2023, plus a behind-the-scenes look at the All-Long Island teams photo shoot.
