Israeli housewares maker Keter Plastic Ltd. is acquiring the Banbury, United Kingdom-based Stewart Plastics for an undisclosed amount, the company announced March 28.
The move, said Keter, is part of the group's growth strategy in the U.K. and “brings together two complimentary product portfolios.”
Keter, based in Herzliya, Israel, offers a broad portfolio of resin consumer products across sheds and storage boxes, furniture, tool and hardware storage and home solutions. The company is present in more than 90 countries.
Earlier this year, Keter announced it is investing $36 million to renovate and expand a site in New Mexico which will be home to its growing U.S. business.
Stewart is a U.K. brand in the gardening grow-your-own sector, decorative planter's category and a supplier of catering products.
‘As a combined company… [our] service promise will be strengthened by our extended manufacturing footprint and enhanced supply chain capabilities into the garden centre channel,' said Lee Mellor, head of Europe, Keter.
Both businesses will continue to be managed by their current leadership teams.