US-based Griffon Corporation announced that its subsidiary, The Ames Companies, acquired La Hacienda, the Gloucestershire-based heating and garden products brand.
"The acquisition broadens AMES’ global outdoor living and lawn and garden business, and supports AMES’ expansion strategy," it said.
The acquisition is expected to contribute approximately $18 million (£13.7m) in annualized revenue and be immediately accretive to Griffon’s earnings in its first full year of operations.
The Stroud-based company was founded by brothers John and Simon Goodwin and sells outdoor heating and garden products to garden centres, John Lewis, Next, House of Fraser and Homebase.
The Ames Companies make tools and landscaping products for homeowners and professionals.