Dating royal copenhagen
The company has production facilities in Denmark and Thailand.
Fiskars is a leading global supplier of consumer products for the home, garden and outdoors.
but Aluminia acquired the site in 1868 to build a new faience manufactury which opened in 1870. Aluminia closed in 1969 while Royal Copenhagen continued to have their production at the site until 2004 when they moved to more modern facilities in Glostrup in the western suburbs of Copenhagen.
In 1882, Aluminia purchased the Royal Porcelain Factory which was based in Købmagergade but in 1884 joined its new owner at their site in Frederiksberg. Since then most of the production has moved to Thailand.
Fiskars recorded net sales of EUR 743 million in 2011, and employs some 3,400 people in over 20 countries.
Porcelænshaven in the Frederiksberg district of Copenhagen, Denmark, is the former premises of the Royal Porcelain Manufactury, an industrial complex dating from the 1880s which was converted into a mixed-use neighbourhood in the 2000s.In addition to boosting Fiskars within the Nordic countries, the acquisition will further strengthen Fiskars’ position in Asia, where Royal Copenhagen ranks among the leading brands selling premium dining products.Fiskars has today signed a definitive agreement to acquire 100 % of the shares in Royal Copenhagen A/S and Royal Scandinavian Modern KK Japan from Royal Scandinavia A/S, whose controlling parent company is the Danish private equity group, Axcel.The total consideration payable (debt-free enterprise value) for the shares is DKK 490 million, equaling approximately EUR 66 million, less net debt and working capital adjustments as per closing of the transaction.The transaction will be financed using Fiskars’ existing credit programs and the transaction is expected to be completed in Q1 2013.