TORONTO, May 10, 2017 /CNW/ - Meyer Canada ("Meyer") announced today that it has entered into an agreement to acquire the manufacturing and wholesale distribution operations of Padinox Inc., located in Prince Edward Island. Best known for producing industry leading cookware, these assets will provide Meyer with Canadian manufacturing capability, which complements its global cookware operations and allows it to better service the entire North American market.
"This acquisition is a natural extension of our global operations and provides us with new avenues for growth," said Evan Feldman, President and CEO, Meyer Canada. "We have strong manufacturing capabilities. With a strong portfolio of retail customers and the strategic partnership of Canadian Tire, we are positioned well to grow our business and further invest in the PEI operations."
About Meyer Canada
Meyer Canada is one of the largest marketers and distributors of cookware and related kitchen products in Canada. Meyer is an affiliate of Meyer Corporation – Meyer affiliates around the world include a number of cookware manufacturing facilities and distributors throughout Asia and Europe. Taken together, Meyer affiliate factories comprise the world's second largest cookware manufacturing operation, producing over 100 cookware lines distributed in over 30 countries. The factories employ more than 6,400 people, manufacturing more than 42 million pans per year on average. Additional brands marketed and distributed beyond Canada and the United States include Prestige (Europe), Raco and Essteele (Australia), and Fujimaru (Japan). Meyer affiliates also distribute in Canada, United States, United Kingdom, EU, Australia, Ireland, China, Thailand, Japan, and EMEA.
Meyer Canada is as well an affiliated company with Accent Fairchild Group (AFG), Headquartered in Montreal, QC, a leading manufacturer and distributor of consumer products.
SOURCE Meyer Canada
For further information: Jay Goldberg, CFO, 514-748-6721 x2216, [email protected]