Bishopsgate delivers on the world table

Bishopsgate Corporate Finance has helped one of the UK’s leading tableware companies Creative Tops Ltd to further boost its expansion into new and existing markets by managing its acquisition by US-based company Lifetime Brands, Inc.

Bishopsgate Lead Advisor Tom Spencer said the team was delighted to have played a key role in another cross-border transaction.

“We believe the Creative Tops acquisition will provide a major platform for Lifetime Brands’ expansion into European markets.Creative Tops has been a real success story in the UK tableware market and we wish the management team every success in the next phase of its exciting growth story,” he said.

This strategic acquisition, which also included Creative Tops’ Hong Kong branch CTFE, is set to significantly broaden the Creative Tops product range whilst helping to introduce some of Creative Tops’ most successful tableware brands including V&A®, Katie Alice® and The Royal Botanic Gardens, Kew® to new retailers across North and Central America.

Managing Director of Creative Tops Ltd Patricia Dawson said an acquisition by such a high profile US tabletop organisation will strengthen Creative Tops’ foothold into European and global markets.

“Lifetime Brands already operates a number of world renowned brands and many famous household names,” said Patricia.

“This acquisition will 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.”

Lifetime Brands Chairman, President and Chief Executive Officer Jeffrey Siegel said the acquisition of Creative Tops and CTFE represents a compelling, multifaceted opportunity that will allow the company to accelerate growth.

“Creative Tops is a highly regarded resource for private label and branded tableware and kitchenware products with significant design and supply chain infrastructure,” he said.

Despite the acquisition, the Creative Tops UK senior management team will remain in place and the company will be run autonomously in the UK. No changes will be made to the way the company operates on a day-to-day basis.

Mr Siegal said Lifetime Brands was impressed by the quality, commitment and passion of Creative Tops management.

“We 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,” he said.

Editors Notes:

Bishopsgate Corporate Finance

Bishopsgate Corporate Finance is one of the UK’s leading independent corporate finance boutiques, providing lead advisory services to businesses typically valued between £2million and £50 million. Established in 1996 and based in the historic market town of Stamford, Bishopsgate Corporate Finance has advised on over 120 transactions with a total value in excess of £750 million. Our clients include: private company owners; experienced management teams; large corporate; PLCs; and private equity firms.

All of Bishopgate’s Directors are shareholders and this gives them empathy with their clients, many of whom are also owner-managers. Corporate finance advice is given to companies throughout the UK and across the world. Services include: Selling businesses; Acquisitions; Management buy-outs and buy ins; Finance raising; Business planning, corporate strategy; Due diligence.

At Bishopsgate they pride on “adding value”, their goal is to produce outstanding results and to significantly enhance the wealth of their clients. Bishopsgate Corporate Finance Limited is authorised and regulated by the Financial Services Authority.

Creative Tops Ltd

Creative Tops is a leading manufacturer of quality everyday kitchen and dining products. The company produces bespoke products for the retail industry and also has its own collection of branded products.

The Company’s corporate website is www.creative-tops.com.

Lifetime Brands, Inc.

Lifetime Brands is North America’s leading resource for nationally branded kitchenware, tabletop, home décor and lifestyle products. The Company markets its products under such well-known kitchenware brands as Farberware®, KitchenAid®, CasaMōda®, Cuisinart®, Cuisine de France®, Hoffritz®, Kamenstein®, Kizmos™, Misto®, Pedrini®, Roshco®, Sabatier® and Vasconia®; respected tabletop brands such as Mikasa®, Pfaltzgraff®, Creative Tops®, Calvin Klein®, Gorham®, International® Silver, Kirk Stieff®, Nautica®, Sasaki®, Towle® Silversmiths, Tuttle®, Wallace®, V&A® and Royal Botanic Gardens Kew®; and leading home décor and lifestyle brands, including Design for Living™, Elements® and Melannco®.

The Company’s corporate website is www.lifetimebrands.com.

Emma O'Neill
Shooting Star PR
07530390698
emma@shootingstar-pr.co.uk
www.shootingstar-pr.co.uk

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