Lifetime Brands, Inc., a leading resource for nationally branded kitchenware, tabletop and home decor products, announced Friday that it has acquired the business and certain assets of Mikasa, Inc. from Arc International SA.

Mikasa is a leading provider of dinnerware, crystal stemware, barware, flatware and decorative accessories. Mikasa's products are distributed through department stores, specialty stores and big box chains, as well as on the Internet.

The terms of the transaction were not announced. Lifetime intends to update its financial guidance for 2008 to include the effect of the acquisition, which is expected to be accretive to earnings beginning in 2008, when it reports its results for the three- and six-month periods ended June 30, 2008.