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Investor Alert

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

Lifetime Brands buying stake in Ekco for $22 mln

NEW YORK (MarketWatch) -- Lifetime Brands Inc. (NAS:LCUT) 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.

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