Tuesday, Sep 20, 2011
DUBAI (Zawya Dow Jones)--Bahrain-based investment firm Investcorp said Tuesday it has acquired U.S. kitchenware retailer, Sur La Table, from the Behnke family and investment firm, Freeman Spogli & Co.
Investcorp said in an e-mailed statement that former owners of Sur La Table will "remain as investors in the company," without giving more details on the value of the deal.
The acquisition comes at a time when the culinary industry in the U.S., and around the world, is growing rapidly, Investcorp said.
Seattle-based Sur La Table provides a broad selection of culinary brands and kitchenware products through 86 stores across the United States, it said in the statement.
-By Mirna Sleiman, Dow Jones Newswires; +9714 446-1698; mirna.sleiman@dowjones.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
20-09-11 0626GMT
