Fiskars plans to divest its European plastic pottery business

Fiskars Corporation
Press Release
September 13, 2016 at 15:00 (EET)

Fiskars plans to divest its European plastic pottery business

Fiskars Corporation has entered into an agreement to divest its European Ebertsankey plastics pottery business to Good(s) Factory BV, a member of the Elho Group, European market leader in synthetic pottery and related products.

Fiskars Group continuously simplifies structures and increases focus on selected businesses and brands. This divestment, subject to customary closing conditions, will allow Fiskars to continue to strengthen its focus in its core businesses and drive the company forward as an integrated consumer goods company.

The sale is not expected to have a significant impact on Fiskars Corporation’s financial position or result during 2016.

Elho Group is a family-owned company with over 50 years of experience in making synthetic pottery and related products, and is well positioned to further invest in the Ebertsankey brand and business to bring value to customers and consumers. It is the intention of Fiskars Corporation and Elho Group to complete the transaction and transfer the business before the end of the year 2016.  

Media and analyst contacts:
Maija Taimi, Head of Corporate Communications and Corporate Responsibility, tel. +358 204 39 5031, communications@fiskars.com

Fiskars – celebrating centuries of pride, passion and design. Every day.
Established in 1649 as an ironworks in a small Finnish village, Fiskars has grown to be a leading consumer goods company with globally recognized brands including Fiskars, Iittala, Gerber, Wedgwood and Waterford. With iconic products, strong brands and global ambitions, Fiskars’ mission is to enrich people’s lives in home, garden and outdoor. Fiskars’ products are available in more than 100 countries and the company employs around 8,700 people in 30 countries. Fiskars is listed on Nasdaq Helsinki. www.fiskarsgroup.com