World Kitchen to Acquire Snapware Corporation

ROSEMONT, Ill.-Tabletop and housewares leader World Kitchen has agreed to acquire food storage company Snapware Corporation.  The acquisition is subject to regulatory and Snapware shareholder approval and is expected to be completed before the end of December. Terms of the agreement were not disclosed.

Joe Mallof, president and chief executive officer of World Kitchen, whose brands include Corelle, Pyrex, CorningWare and Chicago Cutlery, said the company plans to build Snapware's brand equity and expand its distribution domestically and internationally. "Snapware's great people, plastic molding expertise, innovative culture and short product development cycle will make World Kitchen an even stronger company," he said in a statement.

 

Craig Allen, chief executive officer of Snapware, whose brands include Airtight, Snap 'N Stack, Smart Store and Glasslock, said the acquisition, in addition to expanding distribution, will help develop broader consumer support for Snapware products.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

Videos

Current Issue

  • HFN May digital issue

    HFN's DIGITAL EDITION

    May 2017


    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    ALSO IN THIS ISSUE:

    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money