World Kitchen Announces Acquisition of Snapware Corporation

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Addition of Innovative Home Storage Brand Rounds Out World Kitchen’s Offerings

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World Kitchen, LLC acquires Snapware Corporation, a privately held home storage solutions company.

This latest acquisition further enriches World Kitchen’s diverse range of kitchenware offerings. World Kitchen is an industry leader in global housewares, manufacturing and marketing top brands of dinnerware, kitchen tools, cutlery and cookware. The World Kitchen portfolio includes some of the most-trusted household brands, including Pyrex®, Corelle®, Chicago Cutlery® and CorningWare®.

Snapware is a welcome addition to the World Kitchen family. Snapware has experienced rapid growth due to a focus on innovation in kitchen storage solutions. Through company brands such as Snapware®, Snap 'N Stack® and Smart Store®, Snapware Corporation offers an array of premium-quality, eco-friendly products.

Snapware Corporation’s household and kitchen storage brands include:

  •     Snapware®: Made from BPA-free plastic, these food storage containers feature airtight seals for leak-proof storage and transport.
  •     Snap 'N Stack®: Stackable plastic trays and boxes feature a sturdy carrying handle to streamline home storage needs.
  •     Glasslock®: Multi-functional containers made from tempered glass, safe for storage, heating and serving.
  •     Smart Store®: Featuring an adhesive labeling system, these modular plastic bins are designed to be easy-to-stack for organized home storage.

‘World Kitchen is very excited to acquire Snapware, a successful company that has achieved double digit growth for many years with its innovative products targeting the home storage category," said Joe Mallof, President and Chief Executive Officer of World Kitchen. "Snapware's great people, plastic molding expertise, innovative culture and short product development cycle will make World Kitchen an even stronger company. World Kitchen plans to invest significantly to build Snapware's brand equity and expand distribution of Snapware products in both domestic and international markets."

About World Kitchen, LLC:
World Kitchen, LLC and its affiliates manufacture and market bakeware, dinnerware, kitchen and household tools, rangetop cookware and cutlery products sold under well-known and trusted brands including Corelle®, Pyrex®, CorningWare®, Chicago Cutlery®, EKCO®, Baker’s Secret®, Revere®, Magnalite®, and OLFA®.

World Kitchen, based in Rosemont, Ill., is privately held and employs approximately 2,800 people. The company has major manufacturing and distribution operations in the United States, Canada, and Asia-Pacific regions. It sells products through multiple channels, including mass merchandisers, department stores, specialty retailers, warehouse clubs, retail food stores, and internet sales. An additional channel is its own CorningWare Corelle Revere Retail Stores, and website http://www.shopworldkitchen.com, located in outlet centers across North America, as well as World Kitchen stores in Australia, China, and Korea.

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Jim Aikins
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