Portmeirion acquires Nambé

Portmeirion Group has agreed to purchase US premium homewares company Nambé, for a sum of $12m.  The acquisition provides the Group with a stronger influence in the US market, as Nambé’s sales are largely concentrated in the US through wholesale channels, online and through eight retail stores across New Mexico and Arizona.

Nambé’s portfolio includes cutlery, glassware, dinnerware, kitchenware and home décor. The company was founded in 1951 and its reported sales for 2018 were$18m. Nambé’s key management team will continue in their roles.

The acquisition complements Portmeirion Group’s existing US subsidiary while continuing its diversification into new homeware product categories. The company anticipates benefits from the expertise of Nambé’s contemporary design consultants across its brands and ranges.

Lawrence Bryan, Portmeirion Group’s chief executive commented: Having been working with Nambé for nearly a year on potential synergistic opportunities, we aredelighted to acquire this historic US brand together with a strong management team. Nambé issynonymous with market leading design in homewares and we are hugely excited to take the brand onthe next part of its journey.”

He added: “Portmeirion Group has a great track record of adding value though acquiringquality brands that can then be leveraged through our global sales infrastructure. We are looking forwardto working with the Nambé team on growing the business.”

Describing the acquisition as “an exciting milestone for Portmeirion,”and “highly complementary to our existing business,” Dick Steele, non‐executive chairman reported: “The Board expects the acquisition to be earnings enhancing in the first full year of consolidation through top line growth along with sales and cost saving synergies.”

 

Above: Some of Nambé’s product range.

MORE NEWS
Copy of Progressive Preschool featured image (2)
 
Drinkmate is set to bring the ‘ultimate hydration experience’ with live demos, exclusive giveaways and a sparkling line-up of show activations. ...
Copy of Progressive Preschool featured image (33)
 
WeightWatchers has partnered with B&M to introduce a new range of health-focused kitchen appliances. ...
Copy of Progressive Preschool featured image (32)
 
The Kolibri gourmet glass series crowns a long-standing partnership. ...
Copy of Progressive Preschool featured image (18)
 
Opening on 21 February, 2025, the new store is a 2,760 sq ft space which will offer all of the kitchen brand's ranges....
Copy of Progressive Preschool featured image (31)
 
Luxury Italian brand Smeg has launched the WKF01 Whistling Kettle, combining iconic retro flair with modern performance ...
Copy of Progressive Preschool featured image (54)
 
The Home Office has announced the introduction of stricter rules for online retailers selling knives, with tougher penalties for those failing to enforce them....
Get the latest news sent to your inbox
Subscribe to our daily newsletter

The list doesn't exist! Make sure you have imported the list on the 'Manage List Forms' page.