Housewares company Lifetime Brands, Inc. completed its planned acquisition of a 30% stake in Ekco, SAB, Mexico's largest housewares company. Lifetime's investment is valued at approximately US$23 million.
Based in Mexico City, Ekco manufactures and sells cookware, kitchenware, cutlery, dinnerware, flatware, and related items. The company owns the worldwide rights to the Vasconia and Regal trademarks in Mexico, licenses the Presto trademark for use in Mexico, and has exclusive distribution rights for Thermos products in Mexico.
