Lifetime Brands buys Kitchen Craft
Lifetime Brands has purchased Kitchen Craft, a U.K. kitchenware products and accessories supplier formally known as Thomas Plant (Birmingham) Ltd.
"Kitchen Craft’s broad ranges of kitchenware products fill a gap in our existing U.K. housewares assortment that will complement the tableware and gift assortments marketed by Creative Tops," said Lifetime Brands chairman and CEO Jeffrey Siegel.
Kitchen Craft products are stocked in 70 countries under brand names such as Master Class, Molten, Natural Elements and Kitchen Craft. Under the agreement, it will become a separate division of Lifetime Brands Inc. and will maintain its current management structure.
Thomas Plant made approximately $70 million in revenue for the fiscal year of 2013. The specific financial terms of the agreement were not disclosed.
RSI recalls bathroom cabinets sold at Home Depot
RSI is recalling four models of Glacier Bay-branded bathroom medicine cabinets, sold exclusively at Home Depot between August and October of 2013.
According to the Consumer Product Safety Commission (CPSC), the mirror on the back panel has demonstrated a tendency to fall out, posing an injury risk to consumers.
There have been two reported incidents of the mirror detaching and falling out, though no injuries have been reported.
The recall affects approximately 14,000 units of cabinets sold in 21, 23 and 30-inch widths. Available in cognac, java or white finishes, the affected cabinets have the following model numbers, visible on the box they came in: S2327OS-ACO, S3027OS-ACO, S2127C-JAV and S2127C-WHT.
NLBMDA embraces pro-growth agenda
The National Lumber & Building Material Dealers Association released its national legislative and regulatory policy agenda for 2014.
The 2014 National Policy Agenda brings focus to the common interests of the industry and includes policy goals to revitalize our nation’s housing and building industry.
"Our industry was hit hard by the recession, but our members have rebounded with lessons about what needs to be done to set the housing industry on the path to economic growth," said NLBMDA Chair Chris Yenrick, President of Smith Phillips Building Supply in Winston-Salem, N.C. "We need policymakers to focus on eliminating unnecessary regulatory burdens, creating sound fiscal policies, and reforming our tax code in a way that will aid the economic recovery.
"The 2014 NLBMDA National Policy Agenda outlines what our vital small businesses need to boost employment and get our country back on track," Yenrick said.
NLBMDA will continue to advance pro-growth policies that will strengthen small businesses and protect the many multi-generational family-owned businesses in the industry. The association’s agenda includes the industry’s positions on: housing & construction policy; tax & economic policy; legal reform & consumer protection; workforce policy; the environment, health, & safety; product supply & trade; energy policy; transportation policy; and highway safety.
NLBMDA’s 2014 National Policy Agenda will be distributed to members of Congress and key Administration officials and will be used by NLBMDA members when they visit their members of Congress during the NLBMDA Spring Meeting and Legislative Conference taking place March 31 – April 2 in Washington, D.C.