Fiskars Corporation has completed the acquisition of the WWRD group of companies from KPS Capital Partners.
With the closing of the acquisition, Fiskars extends its portfolio with iconic luxury home and lifestyle brands, which includes Waterford, Wedgwood, Royal Doulton, Royal Albert and Rogaška. The acquisition has been approved by the U.S. antitrust authorities.
“We welcome WWRD and its employees around the world to the Fiskars team. The completion of the acquisition marks the first step in our joint journey, as the two organizations start designing the future together,” said Kari Kauniskangas, president and CEO, Fiskars Corporation.
“The globally renowned brands, their centuries of heritage and the WWRD teams’ expertise will support Fiskars’ growth strategy and goal of becoming a leading global branded consumer goods company in the luxury and premium home and lifestyle products market. The WWRD acquisition will also create a strong presence for Fiskars in the U.S., and will further enhance the company’s market position in Europe and the Asia-Pacific region,” said Kauniskangas.