Lenox Corporation has just announced it has been acquired by an affiliate of Centre Lane Partners, LLC (â€œCentre Laneâ€), a New York-based private investment firm.
The deal includes the namesake Lenox brand as well as Dansk and Reed & Barton.
â€œWe are delighted to join the Centre Lane Partners family,â€ said Mads Ryder, CEO of Lenox Corporation. â€œWe have spent the last 18 to 24 months shaping our operational platform for growth. We have invested in branding and strengthened our e-commerce capabilities and, with the support of Centre Lane, we are looking forward to building on the vision that has made Lenox so unique since its founding in 1889.â€
Centre Lane is a private investment firm that invests in the equity and debt of middle market companies in North America. The firm, through its various affiliates, also has investments in long standing consumer brands such as Oneida, Anchor Hocking, and Candle-lite.
â€œWe are very pleased to be investing in Lenox Corporation,â€ said Mayank Singh, a Centre Lane Managing Director involved with the deal. â€œThe companyâ€™s brands are synonymous with tabletop. Lenox leads the industry in quality, design and innovation and we look forward to partnering with management to participate in the next phase of Lenoxâ€™s transformation and growth.â€