Lenox Corporation has acquired Cambridge Silversmiths, Ltd., Inc. The deal includes all existing Cambridge-branded tabletop products including flatware and drinkware but does not include the Thirstystone brand.
“The addition of the Cambridge business affords us the opportunity to further connect consumers to our house of brands,” said Bob Burbank, CEO of Lenox Corporation. “As one family, our products are sold to thousands of retailers including speciality and department stores, mass merchants, warehouse clubs, and grocery stores across the U.S., Canada, and international markets worldwide. This new combination of brands and array of products will create unprecedented growth opportunities within our existing customer base, and it opens new distribution worldwide. We are excited to welcome Cambridge and its array of products into the Lenox family with the goal of servicing the retail and direct business across all table and gift categories.”
“We are happy to be joining the Lenox Corporation, an industry leader with such an impressive portfolio of brands,” said Harold Freeman, EVP Cambridge Silversmiths, Ltd., Inc. “Both of us value strong customer relationships by providing retailers with best-in-class products.”