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Waterford Wedgewood sold to Fiskars

Waterford Wedgewood sold to Fiskars
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One of Ireland’s most iconic companies, Waterford Wedgewood, has been sold to Finland’s Fiskars for 391 million euros.

Waterford glassworks was founded in 1783 but then lapsed in 1851 before being revived after the second world war.

Wedgewood was founded even earlier in England in 1759, and joined forces with Waterford in 1986, but six years ago the company was ruined and collapsed with a mountain of debt, despite being owned by Ireland’s richest man, Tony O’Reilly.

US investors KPS partners stepped in in 2009 and restored the company to health.

Fiskars itself has a proud history, being founded 365 years ago.