UK/IRELAND – KPS acquires Waterford Wedgwood

As part of the transaction, KPS will acquire certain UK and Irish assets of Waterford Wedgwood as well as the assets of several of its UK and Irish subsidiaries. It is expected that the closing of the acquisition of the overseas assets and businesses of Waterford Wedgwood and Royal Doulton will take place simultaneously.

Waterford Wedgwood owns Waterford Crystal, the British potter Wedgwood, the Royal Doulton fine-china business and Rosenthal, the German porcelain maker. According to reports, Rosenthal was not listed as part of the deal.

The company went into administration in January 2009. It employs 8,000 people worldwide, including 1,900 in the UK. At two UK subsidiaires nearly 970 workes have been made redundant.

The acquisition of Waterford Wedgwood and Royal Doulton assets in the UK and Ireland is conditional on satisfactory conclusion of overseas transactions. The deal is expected to close in March.

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