Waterford Wedgwood has completed the $110 million (€108 million) acquisition of All-Clad, a US professional cookware manufacturer.

Mr Sam Michaels, who remains as chairman and chief executive officer of All-Clad, has joined the main board of Waterford Wedgwood as an executive director. He will help to launch the All-Clad products in the European and Asia-Pacific markets. All-Clad, set up in 1968, recorded sales of $51.6 million and operating profits of $9.7 million last year.