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June 11, 2007, 8:55 a.m. EDT

Lifetime Brands buying stake in Ekco for $22 mln

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By Steve Gelsi

LCUT

NEW YORK (MarketWatch) -- Lifetime Brands Inc. /zigman2/quotes/202777463/composite LCUT -0.40% said Monday it signed a definitive agreement to purchase a 29.99% interest in Ekco, S.A.B. for approximately $21.9 million, based upon the estimated closing date and current exchange rate. One of Mexico's leading housewares companies, Ekco manufactures and sells cookware, bakeware, kitchenware, cutlery, dinnerware, flatware and related items.

/zigman2/quotes/202777463/composite
US : U.S.: Nasdaq
$ 17.46
-0.07 -0.40%
Volume: 26,364
Oct. 22, 2021 4:00p
P/E Ratio
9.92
Dividend Yield
0.97%
Market Cap
$384.24 million
Rev. per Employee
$569,755
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