Fiskars Corporation finalizes acquisition of Silva Group including its U.S. subsidiary, The Brunton Company
09/01/2006
Fiskars Corporation announced today that it has finalized the acquisition of the Sweden-based Silva Group including its U.S. subsidiary, The Brunton Company. Headquartered in Sollentuna, Sweden and Riverton, Wyoming respectively, the companies are leading providers of a wide range of outdoor activity-related products including navigation equipment, personal lighting, sports optics, portable power and camping accessories.
The companies will operate under Gerber Legendary Blades, a division of Fiskars Brands, Inc., headquartered in Portland, OR. Gerber is an industry leading manufacturer and marketer of personal lighting, multi-function tools, hydration systems, backpacks and sporting/tactical knives. The acquisition does not include the marine electronics equipment of Silva which will continue to operate under the previous ownership structure.
"The acquisition of Silva and Brunton demonstrates our commitment to building an expanded world-class platform of people assets, premium brands, categories and innovative products that serve the needs of outdoor enthusiasts and our strategic customers around the world" said Jim Purdin, President and CEO of Fiskars Brands, Inc.
Fiskars Corporation, founded in 1649, is a Finnish corporation traded on the Helsinki Stock Exchange (HEX: FIS) and is one of the oldest companies in the world. Fiskars Brands, Inc., headquartered in Madison, Wisconsin, is a wholly owned subsidiary of Fiskars Corporation and operates consumer product businesses through four segments including School/Office/Craft, Garden/Outdoor Living, Outdoor Recreation and Housewares serving the global marketplace. Products are sold under brand names including FISKARS®, Gingher®, DuraSharp®, Heidi Grace Designs, Cloud9 Design, Wallace®, Planterra®, Gerber Legendary Blades®, Superknife®, Montana®, Raadvad, Sankey and Ebert.
