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

  • Macy’s Discusses Virtual Reality Test at HFN’s Omnichannel Summit

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN cover October 2017

    HFN's DIGITAL EDITION

    October 2017


    COVER STORY:

    One Kings Lane Flashes Forward

    Formerly a flash-sale only website, One Kings Lane—now under the ownership of Bed Bath & Beyond—evolves into a lifestyle retailer with a new physical presence.


    ALSO IN THIS ISSUE:

      •  HFN Tech & Omnichannel Study- Although e-commerce shopping is increasing dramatically among consumers, home retailers lag in their current and future tech investments and implementation.
      • Market Previews: High Point & Tabletop- The newest collections and influencer trends emerge in our High Point Market and N.Y. Tabletop Show special sections.