The Legacy Companies to acquire the West Bend Electrics Division of Focus

Transaction expected to close within 45 days

FORT LAUDERDALE, Fla.--()--The Legacy Products Companies (“Legacy”) and Focus Products Group International, LLC (“Focus”) announced today that they have entered into a letter of intent by which Legacy would acquire the West Bend Electrics division of Focus.

Focus, founded in 2001, is a growth oriented national provider of leading brands in Bath and Home Fashion for both retail and commercial accounts. Focus is a portfolio company of Centre Lane Partners, LLC.

"We are pleased to announce our intent to acquire the West Bend Electrics division, our 4th acquisition in 2016. West Bend meets our criteria of well-known and longstanding brands with significant growth potential," said Neal Asbury, CEO of The Legacy Companies.

Marc Navarre, Focus’s President and CEO, said, “We are pleased to see the West Bend Electrics division, with such a rich history in the housewares arena find an excellent home with Legacy allowing us to concentrate on our Textiles business.”

The parties intend to sign a definitive purchase agreement within the next [45] days and close the transaction upon signing. The transaction is subject to the parties entering into a definitive purchase agreement for the acquisition.

The Legacy Companies

The Legacy Companies is a leading food service and consumer products company that designs, manufactures and markets, nationally and internationally, a diverse portfolio of products under world-class brands such as Bevles®, Blakeslee®, Chef'sChoice®, EdgeCraft®, Excalibur®, General®, Greenfield WorldTrade, Kold-Draft®, Legion®, Maxximum®, Nautilus®, Omega®, Orien, and Zeroll®.

The company’s corporate website is www.TheLegacyCompanies.com.

Focus Products Group International, LLC

Focus is a national provider of leading brands in Bath and Home Fashion for both retail and commercial accounts. The Company’s brands include Sure Fit®, Patio Armor®, Vinturi®, Hookless®, Arc & Angles®.

The company’s corporate website is www.focuspg.com.

Contacts

The Legacy Companies
Meagan Bradley, Vice President, 954-202-7419
Mbradley@TheLegacyCompanies.com,
or
Focus Products Group International, LLC
Julie Muduryan, Communication Manager, 224-513-2007

Contacts

The Legacy Companies
Meagan Bradley, Vice President, 954-202-7419
Mbradley@TheLegacyCompanies.com,
or
Focus Products Group International, LLC
Julie Muduryan, Communication Manager, 224-513-2007