L.L. Knickerbocker Adds 3 Jewelry Units

L.L. Knickerbocker Co. said Friday that it has acquired three companies that would more than double its revenue.

The company, which sells celebrity dolls and other knickknacks, acquired Krasner Group Inc., Grant King International Co. and S.L.S. Trading Co. Knickerbocker, which reported revenue of about $13 million last year, said it expects the acquisitions to add about $20 million annually to its business.

Krasner, of Providence, R.I., is a privately held maker of costume jewelry with annual sales of more than $10 million. Knickerbocker did not disclose financial details of the cash-and-stock transaction. Under the agreement, Krasner will become a unit of Knickerbocker, while founder Martin Krasner will be president of the unit.

Grant King International, of Bangkok, Thailand, is a maker of gold and silver jewelry with annual sales of $7 million. Grant King will operate as a unit of newly formed L.L. Knickerbocker of Thailand. Founder Grant King will become president of the Thai company.

S.L.S., of Thailand, cuts and sells gemstones. The company, which has annual sales of about $3 million, also will be a unit of Knickerbocker of Thailand. John Eben Lacy, who has held posts with S.L.S. since 1987, will be vice president of the Thai company.