St Regis Acquires Waterleaf Studios
Vol. 853
September 22, 2011
Indianapolis-based St Regis Crystal (asi/84592) has
acquired Toronto-based supplier Waterleaf
Studios (asi/95418), the companies have announced. Financial terms of the
deal were not disclosed. “This acquisition presents tremendous opportunities
for both companies,” said Richard Firkser, president
& CEO of St Regis Crystal. “Waterleaf
Studios has spent 28 successful years developing its creative, innovative and
technical skills. We look forward to growing this fantastic line.”
Founded in 1983, Waterleaf specializes in cast paper
plaques, custom framing, certificate programs, corporate artwork and stained
glass. According to the terms of the purchase agreement, all Waterleaf
manufacturing and shipping will be relocated to the St Regis Canadian facility
in Markham, Ontario.
Beginning in the spring of 2012, Waterleaf expects to fulfill its U.S.
orders from the St Regis plant in Indiana.
Established in 1999, the St Regis Group supplies awards,
recognition products and corporate gifts. Besides Waterleaf
Studios, St Regis Group also owns The Martin Company (asi/68915), Etching
Industries (asi/52770), St Regis USA (asi/84592) and St Regis Canada
(asi/84595). |