Tableware giant, Portmeirion, has acquired the US-based homewares business, Nambé, for $12 million in a cash purchase. The purchase brings Pormeirion Group added leverage in the US market and complements its existing American subsidiary, as it continues to diversity into new homeware categories.
Portmeirion’s Chief Executive, Lawrence Bryan, commented: “Having been working with Nambé for nearly a year on potential synergistic opportunities, we are delighted to acquire this historic US brand together with a strong management team. Nambé is synonymous with market leading design in homewares and we are hugely excited to take the brand on the next part of its journey.”
In 2018 Nambé reported sales of $18 million. Its portfolio includes cutlery, glassware, dinnerware, kitchenware and home décor. Nambé’s key management team will continue in their roles.
