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Nambe’ bought for $12MIL by London homegoods manufacturer

IMAGE COURTESY NAMBE
This promotional image featured on the company website shows a variety of the Nambé’s signature metal alloy bowls.

ALBUQUERQUE, N.M. — One of New Mexico’s and Santa Fe’s most iconic companies has been purchased for $12 million by a British home goods manufacturer and distributor.

Nambé, a Santa Fe-based manufacturer famous for its aluminium alloy bowls, has been acquired by Portmeirion Group PLC, the parent company of several prominent British homeware and fragrance brands.

In a prepared statement, Portmeirion CEO Lawrence Bryan said the company has worked collaboratively with Nambé for nearly a year, and described the New Mexico company as “historic.” The deal closed Tuesday.

“Nambé is synonymous with market leading design in homewares and we are hugely excited to take the brand on the next part of its journey,” Bryan said.

Nambé was founded in northern New Mexico in 1951 and currently operates eight stores, seven of which are in New Mexico, according to the company website. The company operates two stores in Albuquerque, and maintains a headquarters on West DeVargas Street in Santa Fe.

In addition to the aluminium bowls, the company produces dinnerware, home decor and jewelry. Nambé made its products in Santa Fe for years, but shifted production to facilities in Asia several years ago, according to Journal archives. A news release from Portmeirion notes that Nambé brought in $18 million last year.

For Portmeirion, the acquisition represents an opportunity to expand its footprint in the United States while adding new types of kitchenware to its portfolio, according to the release. The company, based in Stoke-on-Trent in Central England, was founded in 1960, and currently owns five prominent British homegoods companies: Portmeirion, Spode, Wax Lyrical, Royal Worcester and Pimpernel, which make products ranging from flatware to candles.

The release notes that Portmeirion intends to use its existing distribution channels in the U.S. alongside Nambé’s knowledge of the market to help the company grow. Nambé’s key management team will continue in their current roles, according to the release.

“We are looking forward to working with the Nambé team on growing the business,” Bryan said.

 

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