Herco President Reuven Itelman is retiring and selling the company, which will relocate to Ohio from California.
The strategic acquisition will bolster the luxury titan’s production capacity in its watch and jewelry division.
Intercept Silver & Jewelry Care distributes anti-corrosion and anti-tarnish products.
The jewelry wholesaler and distributor plans to enter the public market through a merger with Tastemaker Acquisition Corp., a SPAC.
Founded in 1947, the store is Palm Desert, California’s only official retailer for Rolex, Patek Philippe, and Tudor.
Here’s why one analyst called it the best deal Signet has done in decades as well as thoughts on the company “getting too big.”
It is the fifth acquisition under the ownership of private equity firm Epiris, which bought Bonhams in 2018.
Compass Diversified scooped up the California-based jeweler known for its one-of-a-kind designs.