St Regis And Mi Pen Merge
October 6, 2011
Markham, ON-based supplier St Regis Crystal (asi/84592) has
announced it has merged with the Mi Pen Company (asi/71033), effective immediately.
Financial terms of the agreement were not disclosed. “It makes business sense
and it’s good for both of us,” says Richard Firkser,
president & CEO of St Regis. “Mi Pen is
one of the top suppliers of pens in Canada
and is very well respected. They’re known for their stylish and contemporary
range of products. We intend to help them grow into the U.S.
According to Firkser, Mi Pen has
transitioned its operation to the St Regis facility in Toronto.
The entire Mi Pen staff – about 35 people – has been retained, including
Anthony Katzenstein, the company’s president. Katzenstein will now specifically focus on sales and
marketing. “We’ll have shared resources like shipping, warehousing and
accounting,” says Firkser. Adds Katzenstein:
“We are very excited to be part of the St Regis Group. We look forward to their
state-of-the-art facility, including their administrative, logistic and
The agreement with Mi Pen continues an especially busy
period of deal-making for St Regis, which acquired Waterleaf Studios
(asi/95418) in September and Prestige Glass (asi/79398) in May. 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). “We’re in growth mode,”
says Firkser, who recently told Counselor that St
Regis has increased its 2011 revenues by more than 30% over last year.