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Richline Acquires Jewelry Manufacturer The Aaron Group
The Berkshire Hathaway subsidiary continues to expand with the purchase of the company once called Samuel Aaron Jewelry.
The Aaron Group, founded in 1950 as Samuel Aaron Jewelry, has been acquired by the Richline Group, which will add its lines of bridal, three-stone and fashion diamond and colored gemstone jewelry to its offerings.
New York--Berkshire Hathaway subsidiary the Richline Group is starting off 2017 with another acquisition.
The company has bought jewelry manufacturer The Aaron Group for an undisclosed amount.
The Aaron Group, which started in 1950 as Samuel Aaron Jewelry, has grown into a vertically integrated international jewelry manufacturer and wholesaler that remains a true family business to this day, led by third-generation executive Robert Kempler.
The company has operations, factories, partnerships and employees in New York, London, Mumbai, Hong Kong and Guangzhou, China.
Richline CEO Dennis Ulrich said the move will allow The Aaron Group to continue as a top bridal, three-stone and fashion diamond and gemstone fine jewelry manufacturer while also allowing it to access Richline’s “advanced capabilities across (its) entire jewelry value chain,” meaning it will be able to grow faster, introduce new designs and collections quicker and reach more customers and markets.
In 2016, Richline acquired custom jewelry retailer Gemvara, manufacturer and supplier John C. Nordt Inc., wearable technology company Viawear and home sales jewelry company Silpada.
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