Thirstystone Resources acquired by Cambridge Silversmiths
Home Accents Today Staff -- Home Accents Today, 9/16/2013 2:04:50 PM
Coaster and decorative home entertaining products manufacturer Thirstystone Resources has been acquired by Pine Brook, N.J.-based Cambridge Silversmiths.
Thirstystone will continue to function independently from its Gainesville, Texas headquarters as a separate division of Cambridge Silversmiths, which manufacturers flatware and cutlery.
Founded in 1989, Thirstystone Resources' specialties includes coasters, serveware and barware. In recent years, Thirstystone has secured business with national household names such as HGTV star David Bromstad and The Food Network, as well as iconic brands like Coca-Cola and Thomas Kinkade, among others.
Cambridge Silversmiths markets more than 250 different flatware designs in every price category, including 18-8, 18-10, and forged products. The company also acts as a licensee for Robert Welch Designs, Farberware, and Fiesta. Cambridge designs, manufactures, and distributes private label programs for clients including Target Stores, Food Network, Bobby Flay, and Joy Mangano. Cambridge is the leading source for major retailers including Walmart, Crate and Barrel, Williams-Sonoma, Pottery Barn, Neiman Marcus, Bed Bath and Beyond, Restoration Hardware, Federated Department Stores, Target Stores, Costco, Kohl's, Bloomingdale's, Dillard's, J.C. Penney, and Sears.
"I am extremely enthusiastic about this acquisition because Cambridge represents five generations of skill, expertise, and devotion to the craft, and Thirstystone is a proven, innovative industry leader," said Roger Freeman, founder and owner of Cambridge. "This means great potential for both companies to expand and benefit from the success we have built independently. I have been looking for the right acquisition for a long time and Thirstystone is a perfect fit for our long term goals. I am confident that it will be a most exciting adventure to build both brands."
Laurie Leahy, longtime Thirstystone president, said Thirstystone and Cambridge stand to benefit from the new association.
"This acquisition is a wonderful opportunity for our company, providing us with new resources available to us under the Cambridge umbrella which will propel us forward into new markets," she said. "Together, we will create collections that will celebrate home entertainment and exciting design, while maintaining both companies' long term commitment to quality, customer service, and unique product."
Thirstystone will exhibit in the Cambridge showroom on the 18th floor of Forty One Madison during the upcoming New York Tabletop Show, October 14-18.
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