Pottery giant Portmeirion has acquired the remaining 50 per cent stake of its Canadian operations.
The Stoke-on-Trent-based firm - which owns brands including Spode, Royal Worcester, Pimpernel, Wax Lyrical and Nambe - has bought the rest of the business from Royal Selangor, meaning it now owns 100 per cent of the issued share capital of Portmeirion Canada.
As part of the deal, Portmeirion also agreed to purchase certain assets from Royal Selangor.
The total cash consideration payable by the group is CA $1 million - or £600,000 - which is to be funded from Portmeirion's existing cash resources.
Portmeirion chief executive Mike Raybould said: "We have successfully operated an associated company for our distribution operation in Canada for a number of years.
"By acquiring the remaining 50 per cent share of Portmeirion Canada and certain trade and assets of Royal Selangor, we obtain control over the selling and distribution process in this market and the rights to key licence distribution agreements.
"As we previously announced, one of the uses of the recent equity raise proceeds was to build a more significant presence in the Canadian market and it is therefore pleasing to have achieved this strategic goal in such a short timeframe.
"We see this acquisition as a strong opportunity to revitalise and grow this important market, particularly through further penetration of online channels."
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For the 12 months to 30 June, Portmeirion Canada recorded sales of CA $3.5 million and contributed approximately CA $0.3 million of net profit to the group results.
Portmeirion Canada will continue to operate from its current office and warehouse facilities and retain the combined workforce. Key licence distribution agreements in the Canadian marketplace are expected to continue.