BRISTOL, Pa., May 14, 2015 /PRNewswire/ -- Lenox Corporation, America's leading tableware, giftware, and home entertaining business, today announced that it successfully purchased the operating assets and certain liabilities of Reed & Barton. The purchase will allow the renowned Reed & Barton brand to continue to build on its 190-year-old legacy of superior design and craftsmanship.
As a part of Lenox, Reed & Barton will continue to design and market a broad assortment of unique giftware, including picture frames, children's gifts, crystal and metal serveware, Christmas ornaments and hardwood chests. Additionally, Lenox will continue to market under other brands within the Reed & Barton umbrella, including Thomas O'Brien for Reed & Barton, Lunt, Williamsburg for Reed & Barton, and R+B Everyday.
"Acquiring Reed & Barton is a very positive step forward for Lenox," states Peter Cameron, Chief Executive Officer of Lenox Corporation. "We're well positioned to grow the Reed & Barton brand while still honoring the heritage of this unique American brand."
Strategically, Lenox plans to expand Reed & Barton into new served markets in both the U.S. and internationally. The Lenox platform will give Reed & Barton scale to grow its customers and expand its product lines.
Peter Cameron also announced that Tim Riddle, who has led Reed & Barton for 14 years, would head the Reed & Barton brand within Lenox going forward. Riddle said, "Lenox appreciates our heritage and premium branding. Under Lenox, we're excited about growing our worldwide distribution with the help of their platform and expanding our new product assortments to meet the needs of millennials as well as our other customers."
About Lenox Corporation
Lenox Corporation is a market leader in quality tabletop, giftware and collectibles. The company markets its products under the Lenox, Donna Karan Lenox, DKNY Lenox, Marchesa by Lenox, kate spade new york, Aerin for Lenox, Dansk and Gorham brands. Lenox is the market destination for bridal, entertaining and all occasion gift giving. Lenox Corporation is majority-owned by Clarion Capital Partners, LLC -- a New-York based private investment firm. The firm invests in consumer products, business services, healthcare services, specialty financial services, retail and niche media and entertainment.
Visit Lenox online for more information. Become a fan of Lenox on Facebook, facebook.com/Lenox, or follow their experts on "Table Talk" at lenoxusa.tumbler.com and Twitter at twitter.com/Lenox and on Pinterest at pinterest.com/lenoxusa/.
About Reed & Barton
Reed & Barton, founded in 1824, is one of the country's leading fine tableware and giftware brands. The company's products include a diverse range of flatware, crystal stemware, barware, metal serveware and numerous tabletop and home decor items designed for stylish entertaining. The Reed & Barton name also adorns a full complement of giftware, including picture frames, children's gifts, hardwood chests and other fine wood and leather creations. Reed & Barton products can be found in fine department stores, specialty gift shops and jewelers nationwide, as well as online through a variety of e-merchants. Visit www.reedbarton.com for more information.
SOURCE Lenox Corporation