Zippo Manufacturing Company has executed an agreement to purchase certain assets of Ronson Consumer Products Corporation, Woodbridge, New Jersey. The agreement also includes Ronson Corporation of Canada, Mississauga, Ontario.
Ronson has developed a strong business in the lighter fluid market and also markets an array of pocket and multi-purpose lighters and butane torches.
Zippo is one of the world’s most widely recognized brands and is best known for its iconic windproof lighter. The company also markets lighter accessories, butane candle lighters, and lifestyle products for men such as leather goods and writing instruments. A new line of fire-related outdoor gear is being launched this fall.
What will this do to lighter values now?