Publicly traded investment firm GP Investments Acquisition Corp. (Nasdaq: GPIA, GPIAW, GPIAU) agreed to purchase houseware maker World Kitchen LLC for $566 million in stock and cash.

World Kitchen, based in Rosemont, Illinois, produces houseware products under the Pyrex, Corelle, Corningware, Snapware, Baker’s Secret, Chicago Cutlery and Vintage Charm brands. World Kitchen CEO Carl Warschausky says the company was seeking a financial partner as part of its growth plans.

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