Lenox Corporation has widened its tableware portfolio by acquiring Cambridge Silversmiths, Ltd., Inc.
The deal includes existing Cambridge-branded tabletop products, including flatware and drinkware, but it does not include the Thirstystone brand, according to Lenox.
The Cambridge acquisition follows Lenox’s 2021 acquisitions of Hampton Forge and Oneida Consumer to further extend the Lenox offering of tableware and housewares. Lenox also markets its products under the Lenox and Reed & Barton brands, as well as the Kate Spade New York tabletop license.
“The addition of the Cambridge business affords us the opportunity to further connect consumers to our house of brands,” said Bob Burbank, CEO of Lenox Corporation. “As one family, our products are sold to thousands of retailers including specialty and department stores, mass merchants, warehouse clubs, and grocery stores across the U.S., Canada, and international markets worldwide. This new combination of brands and array of products will create unprecedented growth opportunities within our existing customer base, and it opens new distribution worldwide.”
“We are happy to be joining the Lenox Corporation, an industry leader with such an impressive portfolio of brands,” said Harold Freeman, executive vice president, Cambridge Silversmiths, Ltd., Inc. “Both of us value strong customer relationships by providing retailers with best-in-class products.”