Lenox Corp. Sold to New York Investment Firm
Bristol, PA — Lenox Corp,, whose licensed brands include Kate Spade and Marchesa, was acquired by an affiliate of Centre Lane Partners, LLC (“Centre Lane”), a New York-based private investment firm. The deal also includes the namesake Lenox brand as well as Dansk and Reed & Barton.
“We are delighted to join the Centre Lane Partners family,” said Mads Ryder, CEO of Lenox Corporation. “We have spent the last 18 to 24 months shaping our operational platform for growth. We have invested in branding and strengthened our e-commerce capabilities and, with the support of Centre Lane, we are looking forward to building on the vision that has made Lenox so unique since its founding in 1889.”
“Lenox Corporation is pleased to announce that it has been acquired by an affiliate of Centre Lane Partners, LLC.”Centre Lane is a private investment firm that invests in the equity and debt of middle market companies in North America. The firm, through its various affiliates, also has investments in long standing consumer brands such as Oneida, Anchor Hocking, and Candle-lite.
“We are very pleased to be investing in Lenox Corporation,” said Mayank Singh, a Centre Lane Managing Director involved with the deal. “The company’s brands are synonymous with tabletop. Lenox leads the industry in quality, design and innovation and we look forward to partnering with management to participate in the next phase of Lenox’s transformation and growth.”
About Lenox Corporation
Lenox is a leading designer and marketer of dinnerware, flatware, glassware, kitchen, and giftware. The Company markets its products under the Lenox, Dansk, and Reed & Barton brands. In addition to its core brands, Lenox Corporation manufactures and distributes other brands such as Kate Spade New York, Marchesa by Lenox and Brian Gluckstein by Lenox. Lenox products are sold through department stores, gift and specialty retailers, and general merchandise chains, as well as through the Company’s own consumer-direct channel. Over its 130-year history, Lenox has been the recipient of numerous design awards, including the Women’s Choice Award®, and has the distinction of being the first American dinnerware used at the White House. Lenox is headquartered in Bristol, PA. For more information on Lenox, please visit www.lenox.com.
About Centre Lane Partners
Centre Lane Partners is a private investment firm that invests in the equity and debt of middle market companies in North America. Founded in 2007, Centre Lane’s experienced, collaborative and diverse team employs a flexible strategy and seeks to partner with strong management teams that can benefit from patient, long-term capital and the Firm’s operational, financial and strategic expertise and support. For more information on Centre Lane Partners, please visit www.centrelanepartners.com.
