Canadian Plastics

Royal Group to drop housewares producer

Canadian Plastics   



Woodbridge, Ont.-based Royal Group Technologies Ltd. announced it has sold its 60 per cent share in Royal Alliance to minority shareholders. Royal Alliance is a producer of houseware, pet-care and gar...

Woodbridge, Ont.-based Royal Group Technologies Ltd. announced it has sold its 60 per cent share in Royal Alliance to minority shareholders. Royal Alliance is a producer of houseware, pet-care and garden furniture under the trade name of Gracious Living. In a news release, Royal Group said other divestitures are close to being completed.

Also announced was the news that Royal Group is close to completing the sales of excess real estate in March that should bring in some $40 million.

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