Cornell Capital has completed the acquisition of World Kitchen. Financial details of the deal have not been disclosed.
As previously reported on Gourmetinsider.com, World Kitchen’s partnership with Cornell Capital will enable the company to build on its deep heritage in kitchen products, accelerate the next phase of its organic growth, as well as explore strategic consolidation opportunities.
“The Cornell Capital team has unparalleled experience partnering with companies and helping them to grow and succeed; we are thrilled to work with them to pursue the exciting opportunities ahead,” said Carl Warschausky, CEO of World Kitchen. “Our company’s high-quality product offerings, coupled with Cornell Capital’s specialized sector knowledge and operational expertise, position World Kitchen for long-term success.”
“World Kitchen’s remarkable brands have had an unmistakable impact on households around the world for more than a century and we are pleased to welcome them to the Cornell Capital family,” said Henry Cornell, founder of Cornell Capital. “World Kitchen is uniquely positioned to expand its footprint, build on its success in the global housewares market, enhance opportunities for employees and deliver superior products for customers.”