British manufacturer buys Nambe LLC for $12M

SANTA FE, N.M. (AP) — A Santa Fe-based company known for its polished aluminum alloy kitchenware and home décor has been acquired by a British manufacturer and worldwide distributor.
The Santa Fe New Mexican reports Portmeirion Group's purchase of Nambé LLC for $12 million from the Hillenbrand family closed Tuesday.
Portmeirion CEO Lawrence Bryan says he has always enjoyed Nambe's design ethic, describing it as contemporary and chic.
The sale included the Nambé headquarters building in Santa Fe, all rights and intellectual property and a distribution center in nearby Española.
Nambé brings in $18 million in annual revenue, with its products available at Nambe stores in New Mexico and Arizona and other retailers in the U.S. such as Bloomingdale's, Neiman Marcus and Nordstrom.
Bryan says he expects to open Nambé shops in other states.