Creative Tops, one of the leading names in tableware in the UK, together with its Hong Kong operation (CTFE) has been acquired by Lifetime Brands, Inc.
The acquisition is being heralded as a significant move to broaden the Creative Tops product range whilst helping to introduce some of the company's most successful tableware brands including V&A®, Katie Alice® and The Royal Botanic Gardens, Kew®, to new retailers across North and Central America.
Jeffrey Siegel, Lifetime's chairman, president and chief executive officer, commented: "The acquisition of Creative Tops and CTFE represents a compelling, multifaceted opportunity that will allow us to accelerate our growth and to strengthen our businesses.
"Creative Tops is a highly regarded resource for private label and branded tableware and kitchenware products with significant design and supply chain infrastructure. We are impressed by the quality, commitment and passion of Creative Tops' management and expect the continuing management team, under the leadership of Patricia Dawson to integrate seamlessly into Lifetime's operating structure, enabling Creative Tops to increase its rate of growth and profitability beyond what it would be able to achieve on its own."
Creative Tops' managing director Patricia Dawson said: "The acquisition of Creative Tops and Creative Tops Far East Limited (CTFE) by such a high profile US tabletop organisation will strengthen our foothold into Europe and global markets.
"This acquisition will also enable the company to offer our customers a far more extensive product range outside of our current offering and will also help strengthen our existing brand portfolio."
She continued: "Our senior management team will remain in place and the company will be run autonomously in the UK, with no change to the way it operates on a day to day basis.
"We feel it will provide our customers with innovative, exciting and brand new products for years to come. We look forward to being able to present these new brands to you at Spring Fair 2012."
For further information about the company visit www.creative-tops.com
Posted: 22 March 2019