Canadian Tire acquires Paderno cookware

TORONTO ― Canadian Tire Corp. has entered into an agreement to acquire Padinox Inc., the company that owns the Canadian rights to the Paderno brand of kitchenware. In a release the company says the acquisition, “coupled with Canadian Tire’s strength in product development and marketing, will play a central role in Canadian Tire’s new cooking innovations and expanded kitchen assortment.” As part of the transaction, the manufacturing and wholesale distribution operations of Padinox Inc., based in Prince Edward Island, are being sold to Meyer Canada, a distributor of cookware and related kitchen products in North America.