Lifetime Brands Buys Built NY

(RTTNews) - Lifetime Brands Inc. (LCUT),Tuesday said it acquired the business and certain assets of Built NY. Financial details of the transaction were not disclosed.

Built is a designer and distributor of brightly colored, uniquely patterned Neoprene products, including bags, totes, cases and sleeves. BUILT's customer base comprises over 30,000 retail outlets in over 60 countries.

Jeffrey Siegel, Lifetime's Chairman and Chief Executive Officer, commented, "BUILT is well known and highly regarded for authenticity, quality and innovation. BUILT's product line, which embodies 'the good life' spirit, will complement Lifetime's product portfolio and enhance our distribution to fine retailers worldwide."