Elho and Ebertsankey combine

The Good(s)Factory, part of the Elho Group, has completed the acquisition and integration of Fiskars' garden plastic container business Ebertsankey, announced in September, 2016.

Good(s)Factory offers its customers a basic range of synthetic pottery and the acquisition of Ebertsankey "fits perfectly" with Good(s)Factory's strategy for developing its position to become European market leader in the base segment for synthetic pottery. Ebertsankey formed in 2012 with the combination on Ebert and Sankey.
The Dutch company said: "By adding the innovative strength, excellent service and quality of Good(s)Factory to Ebertsankey the label will become even more important to retailers and consumers."
Fiskars sold Sankey to the Good(s) Factory in September 2016. The company turned over 11.7m euros in 2012.
Fiskars decided to sell because the Ebertsankey product mix no longer fits in its current strategy.
The sale is not expected to have a significant impact on Fiskars Corporation’s financial position or result during 2016.
Fiskars has also sold Spring USA, the U.S. based provider of foodservice equipment, to an affiliate of ShoreView Industries.

Fiskars president and chief executive officer Kari Kauniskangas said: "Fiskars Group continuously simplifies structures and increases focus on selected businesses and brands. As part of this strategy, the company has agreed to sell these two businesses, further strengthening Fiskars’ position to continue to focus on world leading consumer brands, including Fiskars, Iittala, Gerber, Royal Copenhagen, Waterford, and Wedgwood."

In the full year 2015, the net sales of Spring USA and Ebertsankey were EUR 26 million and operating profit EUR 3 million.


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