Waterford Wedgwood Completes All-Clad Buy

Waterford Wedgwood Plc said it had completed its US$110m purchase of US cookware company All-Clad Inc., and had appointed All-Clad's chairman to its board. The Irish group said Sam Michaels would continue his role as All-Clad chairman and chief executive while helping to launch the cookware group's luxury brand in European and Asia-Pacific markets. Waterford Wedgwood bought All-Clad in late May from investment bank Wasserstein Perella's private equity fund, US Equity Partners L.P. (whole item)