March 27, 1996
L.L. Knickerbocker Co. has signed an agreement to become the exclusive U.S. distributor for all products created by Thai jewelry maker Grant King International Co. An L.L. Knickerbocker spokeswoman said the company estimates the deal will add about $10 million to its 1996 sales. The company's sales totaled $9.5 million for the first nine months last year. L.L. Knickerbocker said the distribution pact gives it the option to purchase up to 49% of Grant King in exchange for warrants to purchase L.
March 14, 1996
L.L. Knickerbocker Co. is acquiring 40% of Pure Energy Corp., which is developing alternative fuels to reduce emissions. Terms were not disclosed. Knickerbocker President Louis Knickerbocker also will become chairman and chief executive officer of privately held Pure Energy, which was founded in 1994 by Douglas and Scott Dunlop. L.L. Knickerbocker markets a variety of products, including collector dolls, on television.