FISKARS RECEIVED APPROVAL FROM THE COMPETITION AUTHORITIES FOR PURCHASE OF IITTALA GROUP
FISKARS RECEIVED APPROVAL FROM THE COMPETITION AUTHORITIES FOR PURCHASE OF
Fiskars Corporation has received the approval of the competition authorities of
purchase of Iittala Group from the private equity company ABN AMRO Capital, the
company's management and other private shareholders. The transaction is expected
to be closed by the end of August 2007.
Iittala Group is a leading homeware design company, and offers a wide range of
products representing the best in modern Scandinavian design. The Group operates
through brands such as Iittala, its leading brand; Arabia; Hackman; BodaNova;
Höganäs Keramik; Rörstrand and Høyang-Polaris. In 2006, Iittala Group had a
turnover of EUR 190 million, and employed 1,353 people as of the end of the
Fiskars Corporation will publish the Interim Report January – June 2007 on
Wednesday, August 8, 2007 at 8.30 a.m.
President and CEO
Founded in 1649, Fiskars (www.fiskars.fi) in an international corporation which
includes the subsidiaries Fiskars Brands, Inha Works, and the Real Estate Group.
Fiskars holdings in associated company Wärtsilä is also an important part of
Fiskars Corporation. In 2006, the net sales of Fiskars Corporation was EUR 535
million, its operating profit EUR 86 million. The Corporation employed some
3,000 people around the world. Globally, the Corporation's best known products
are its orange-handled scissors and its garden tools.