Portmeirion has acquired the remaining 50% of the Canadian associate company Portmeirion Canada Inc from Royal Selangor Inc. The total cash consideration is CA$1.0m (£0.6m) vs a 30 June unaudited net assets of CA$2.3m. As part of the acquisition, key license distribution agreements in the Canadian marketplace are expected to continue. This strategic move is in keeping with the various initiatives recently outlined as part of the equity raise to drive growth. Historically, the Canadian business g ....
