
Stock exchange release
May 21, 2007
FISKARS ACQUISITION OF LEBORGNE FINALIZED
FISKARS ACQUISITION OF LEBORGNE FINALIZED Fiskars has strengthened its position in the European garden and hand tool market by acquiring the French garden and construction tool manufacturer Leborgne. Its net sales in 2006 were approximately EUR 16 million and its staff numbered some 120. Leborgne was founded in 1829 and has been in the possession of the same family for nine generations. Its high quality and innovative tools were used in the building of the Suez Canal, among other places. Today, the brand is well known among gardeners and construction workers in France, Spain, Italy, and Belgium Fiskars high-quality black-and-orange garden tools, which are designed and manufactured in Billnäs, Finland, are popular both in the Nordic countries and the rest of Europe. In addition to Finland, Fiskars manufactures garden tools in Norway, Poland and Russia. Fiskars Brands, Inc.'s garden portfolio has produced strong growth in the past few years. The acquisition of Leborgne represents an important addition to the Fiskars product range and improves Fiskars' ability to compete in the garden tools markets in France. On the other hand, the presence of Fiskars in most European countries will offer improved opportunities for the Leborgne products. Heikki Allonen President and CEO