Ningbo Daye Garden Industry Co., Ltd. completed the acquisition of watering assembly plant and related operations in Ningbo, China from Fiskars Oyj Abp
January 22, 2021
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Ningbo Daye Garden Industry Co., Ltd. entered into an agreement to acquire watering assembly plant and related operations in Ningbo, China from Fiskars Oyj Abp (HLSE:FSKRS) on December 1, 2020. The transaction is expected to be completed by the end of January, 2021. The transaction is not expected to have a significant impact on Fiskars Corporation’s financial position or result during 2021.
Ningbo Daye Garden Industry Co., Ltd. completed the acquisition of watering assembly plant and related operations in Ningbo, China from Fiskars Oyj Abp (HLSE:FSKRS) on January 22, 2021.
Fiskars Oyj Abp is a Finland-based company that is engaged in the manufacturing and markets branded consumer goods globally. The Company operates through four segments: The Vita, that offers luxury products for the tableware, drinkware and interior categories. It consists of brands such as Iittala, Royal Copenhagen, Waterford and Wedgwood; The Terra consists of the gardening, watering, and outdoor categories. The brands include Fiskars, Gerber and Gilmour; The Crea consists of the scissors and creating as well as the cooking categories, mainly with the Fiskars brand. The Other segment contains the Groupâs investment portfolio, the real estate unit, corporate headquarters and shared services. The Companyâs international key brands are Fiskars, Gerber, Iittala, Royal Copenhagen, Waterford and Wedgwood.
Ningbo Daye Garden Industry Co., Ltd. completed the acquisition of watering assembly plant and related operations in Ningbo, China from Fiskars Oyj Abp