Knickerbocker Buying Into 2 Firms
- Share via
RANCHO SANTA MARGARITA — L.L. Knickerbocker Co. Inc. said Monday it has signed a letter of intent to buy 25% stakes in two California companies that develop and distribute self-heating packaging and container products.
Knickerbocker, a collectibles maker, said it agreed to exchange warrants for 25% of the outstanding shares in Insta-Heat Inc. of San Diego and Self-Heating Container Corp. of Poway.
Insta-Heat owns patents for the manufacture of self-heating packaging and container products. Self-Heating Container owns the rights to manufacture, distribute and market the Insta-Heat products.
Knickerbocker chief executive Louis L. Knickerbocker would become a director of both corporations.
Terms of the five year License Agreement, with an additional five-year option, provide that LLK will pay a royalty on sales to SHC and will use its best efforts to identify a celebrity spokesperson to assist in developing and marketing the “Insta-Heat” products.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
