GP Investments Acquisition Corp. (NASDAQ:GPIA) (NASDAQ:GPIAW) (NASDAQ:GPIAU) ("GPIAC") today announced it has entered into a definitive agreement to acquire WKI Holding Company, Inc. ("World Kitchen"), the parent company of World Kitchen, LLC, a leading multinational manufacturer and marketer of houseware products. World Kitchen’s portfolio of brands includes Corelle, Pyrex, CorningWare and Snapware, among others.
Under the terms of the definitive agreement, the acquisition will be funded through a combination of cash and the issuance of approximately 6.5 million shares of GPIAC common stock at $10.00 per share to World Kitchen's stockholders.
About World Kitchen
Headquartered in Rosemont, Ill., World Kitchen and its affiliates manufacture and market products worldwide through a portfolio of well-recognized and respected brands, including under the Pyrex®, Corelle®, Corningware®, Snapware®, Baker's Secret®, Chicago Cutlery® and Vintage Charm™ trademarks.
About GP Investments, Ltd.
GP Investments Ltd. is a leading alternative investments firm with more than 20 years' experience in corporate investing. The company has a strong track record of successful equity capital market transactions, delivering strong returns and building long-lasting enterprises. Since its inception, the company has raised approximately $5 billion from international investors and has invested in more than 50 companies across 15 sectors.
Under the terms of the definitive agreement, the acquisition will be funded through a combination of cash and the issuance of approximately 6.5 million shares of GPIAC common stock at $10.00 per share to World Kitchen's stockholders.
About World Kitchen
Headquartered in Rosemont, Ill., World Kitchen and its affiliates manufacture and market products worldwide through a portfolio of well-recognized and respected brands, including under the Pyrex®, Corelle®, Corningware®, Snapware®, Baker's Secret®, Chicago Cutlery® and Vintage Charm™ trademarks.
About GP Investments, Ltd.
GP Investments Ltd. is a leading alternative investments firm with more than 20 years' experience in corporate investing. The company has a strong track record of successful equity capital market transactions, delivering strong returns and building long-lasting enterprises. Since its inception, the company has raised approximately $5 billion from international investors and has invested in more than 50 companies across 15 sectors.
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