An affiliate of Centre Lane Partners, a New York-based private investment firm that invests in middle-market companies’ equity and debt in North America, recently purchased Bristol-based Lenox Corp.
Lenox is a designer and marketer of dinnerware, flatware, glassware, kitchen, and giftware, and the deal includes the Lenox, Dansk, and Reed & Barton brands.
Through its various affiliates, Centre Lane also has investments with Anchor Hocking, Candle-lite, and Oneida.
“We are very pleased to be investing in Lenox Corporation,” Mayank Singh, a Centre Lane Managing Director involved with the deal, said. “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.”
Lenox was founded in 1889 and has spent the last 18 to 24 months reshaping its operational platform for growth, investing in branding, and strengthening its e-commerce capabilities.
In addition to its core brands, Lenox Corp. manufactures and distributes other brands, including Brian Gluckstein by Lenox, Marchesa by Lenox, and Kate Spade New York.
The company’s products are sold through a consumer-direct channel and gift and specialty retailers, department stores, and general merchandise chains.