Fiskars Oyj Abp

01/22/2021 | Press release | Distributed by Public on 01/22/2021 03:04

Fiskars has completed the sale of the watering assembly plant in Ningbo, China

Fiskars Corporation

Press Release

January 22, 2021 at 11:00 EET

Fiskars has completed the sale of the watering assembly plant in Ningbo, China

Fiskars Corporation has today completed the sale of the watering assembly plant and related operations in Ningbo, China to Daye (Ningbo Daye Garden Industry Co. Ltd.). The sale is not expected to have a significant impact on Fiskars Corporation's financial position or result during 2021.

The watering category continues to be an important part of Fiskars Group's offering and with the divestment, Fiskars Group seeks agility and efficiencies in its supply chain. The transaction is a part of Fiskars Group's Restructuring Program announced in December 2019, aimed at reducing costs and improving efficiencies in e.g. the supply chain.

FISKARS CORPORATION

Corporate Communications

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Corporate Communications, tel. +358 204 39 5031, [email protected]

Making the everyday extraordinary

Fiskars Group's vision is to create a positive, lasting impact on our quality of life. Our brands Fiskars, Gerber, Iittala, Royal Copenhagen, Waterford, and Wedgwood are present in people's everyday lives - at home, in the garden, and outdoors. This gives us an opportunity to make the everyday extraordinary today, and for future generations. We have a presence in 30 countries, and our products are available in more than 100 countries. Our shares are listed on the Nasdaq Helsinki (FSKRS). Please visit us at www.fiskarsgroup.com for more information and follow us on Twitter @fiskarsgroup.