Fiskars Group has agreed to sell all of its shares of Silva Sweden AB to Karnell, a Swedish investment company. Along with the parent company Silva Sweden, the deal also includes the subsidiaries Silva Ltd. in the U.K., Silva Deutschland, Silva France and Silva Far East, based in Hong Kong.

Silva said that the new ownership would allow it to continue simplifying its structure, while focusing its resources and attention on further developing the brand and product portfolio. It doesn't expect any of its employees in Sweden to be affected by the transaction.

Silva will still be an independent distributor for Gerber products in some key markets, but as the company announced earlier this year, most distribution will be transferred back to Gerber Legendary Blades. Details of distributorships and their possible transfer will be wrapped up this autumn.