Tue, 20 May 2014 | BUSINESS SALE
The owner of Wedgwood, WWRD Holdings Ltd, is at the preliminary stages of planning a sale of the business, Reuters has revealed.
New York-based buy-out company KPS Capital Partners bought the pottery manufacturer out of administration in 2009 after its Irish owner had been haemorrhaging cash for some time, reporting pre-tax losses of £60.5 million in December 2008.
The business has bloomed under the ownership of KPS and today WWRD employs over 3,700 people around the globe. KPS is now in discussions with investment banks regarding a possible sale, with a view to a deal early next year.
Wedgwood still has operations at Barlaston, Staffordshire, with about 500 staff based at its factory.
WWRD Holdings is behind the Waterford, Wedgwood and Royal Doulton brands. Its products including crystal vases, bowls and glasses, china figurines and tea sets, are sold at US department stores including Macy’s and Bloomingdale’s, and independent retailers and wholesales in the US, UK, Ireland, Japan, Canada and Australia.
News was released of the approval for a £34 million redevelopment of Wedgwood’s Barlaston factory in early September 2013. The plans include creating a new head office and manufacturing facility that would create another 100 jobs. Production capacity would jump to three million pieces a year. The scheme also includes expanding its visitor 'experience' and building 209 homes.
______________________________________________________________________
Related information:
Now is the time to buy a business
An established, award-winning care home with nursing, that is located in a popular East Midlands town and has come to market for the first time so that our client can retire.
For sale a lucrative portfolio of residential care homes conveniently clustered in the Northwest of England, offering residential and dementia care.
A profitable care home with nursing located in an East Midlands town. Well-presented and extended accommodation with 57% of the ground floor bedrooms being ensuite.
03
|
May
|
Three Aberdeen legal firms merge to form all-service provider | MERGER
Three prominent Aberdeen legal businesses have merged to for...
03
|
May
|
BGF-backed asbestos services firm makes third acquisition | BUSINESS SALE
Environmental Essentials, a specialist asbestos services fir...
03
|
May
|
Logistics firm acquires pair of Derbyshire businesses | BUSINESS SALE
A logistics firm headquartered in Preston has acquired a pai...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.