Quebec City, Canada-based supplier bugatti-sedona (asi/42394) announced this week that it has acquired Bond Street Ltd, the parent company to supplier brands Bond Street and Stebco (asi/40895). Financial terms of the transaction were not released.
“This acquisition will help continue our rapid growth and market share in the United States and Canada,” said Andrew Hattem, president of bugatti-sedona. “Adding the Bond Street and Stebco icon brand will contribute in offering our customers a good, better, best approach with quality products.”
Bond Street was founded in 1917 in New York, and Stebco shortly thereafter in Chicago. The merged entity continues to be based in New York and affiliates in Montreal. “Over the years we built an American and Canadian brand that has rivaled international players,” said Michael Schwartz, the previous owner and president of Bond Street and Stebco. “We are proud of our accomplishments and are confident that the new owners will stay true to our core values. Our successors share our vision of transitioning the business properly and it remains business as usual for customers.”
Bugatti-sedona, which has been in business since 1940, specializes in the design, import and distribution of business accessories, such as briefcases, writing cases, travel bags and luggage. Bond Street and Stebco also carries a line of bags, briefcases and luggage.