Wednesday, July 9, 2008


Talon Merchant Capital, a private equity group in Chicago, is buying Lava World International from Haggerty Enterprises, also of Chicago. The company will sell lava lamps to more countries. The new owners are also planning new versions of the lava lamp featuring children's characters and new colors. The lava lamp was first made in 1963, went out of fashion in the late 1970s, and came back in the 1990s.

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