Gibraltar Growth Corporation announced its proposed acquisition of LXR Produits de Luxe International Inc. Following the closing of the Acquisition, LXR will continue to be led by its founders Fred Mannella and Kei Izawa, along with its current management team. Collectively, assuming redemption levels of 50% and 100%, Fred Mannella and Kei Izawa will own 23% and 35% of the resulting company, respectively. Gibraltar Growth will have ongoing involvement with LXR through its engagement on the board. Cam di Prata, current Co-Chief Executive Officer and director of Gibraltar Growth, will assume the role of Executive Chairman and will continue as a director of the resulting company. Joe Mimran, current Chairman, Co-Chief Executive Officer and director of Gibraltar Growth, will continue as a director of the resulting company and will lead the Company's International Expansion Committee, a board committee focused on executing LXR's five-year growth plan. In addition to Fred Mannella and Kei Izawa, the other board members will include Javier San Juan, current Vice-Chairman and Director of Gibraltar Growth, Steven Goldsmith, Chief Executive Officer and President, Brookstone Inc., and Luc Mannella, Managing Partner, Mannella, Gauthier, Tamaro and Associates. It is expected that up to an additional two independent directors will be added following the Closing. Jeremy Stepak, Gibraltar Growth's current Chief Financial Officer and Corporate Secretary, will act as Chief Financial Officer of the resulting company on an interim basis.