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St Regis And Mi Pen Merge
Vol. 857 
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. market."

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 financial support." 

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.

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