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St Regis Crystal Acquires Prestige Glass
Vol. 819 
May 26, 2011

Completing its second acquisition in the last 13 months, St Regis Crystal (asi/84595) has purchased fellow Canadian supplier Prestige Glass International (asi/79398). Financial terms of the agreement, which was finalized last week, have not been disclosed. "We're headed toward a custom line of awards and they're the leaders in the Canadian market," said Jeff Firkser, vice president of sales for St Regis, in an interview with Counselor. "There's so much synergy between our companies and both will benefit through this deal."

Under the terms of the agreement, St Regis and Prestige will continue to maintain separate brands, with current contact information and ASI numbers remaining unchanged. According to Firkser, Prestige President Robert Jackson is leaving the industry to pursue other interests. Otherwise, the full staff at Prestige, including management, will stay in place. Scott Jackson has been named general manager of Prestige and Tom Guitard will serve as national sales manager. "Having a local North American manufacturing facility within the St Regis Group provides many opportunities for us to support our distributor network, where lead times are continually getting shorter and shorter," Firkser said.

Founded in 1995, Prestige manufactures custom awards using glass, stone, aluminum and other materials. Established in 1999, St Regis supplies awards, recognition products and corporate gifts. In April of last year, St Regis acquired Texas-based supplier The Martin Company (asi/68915). St Regis Group also includes Etching Industries (asi/52770) and St Regis USA (asi/84592).

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