Carolina Pad and Paper Co. of Charlotte will acquire some of the assets of Libretto Holdings, a New York manufacturer of stationery products.
Carolina Pad and Paper, which sells school and office products, says Libretto’s retail focus will add specialty markets and department stores to its retail channels.
In addition, the acquisition allows Carolina Pad and Paper to increase its distribution in Europe.
Financial terms of the agreement weren’t disclosed.
“We are excited about the opportunities to expand our consumer base and increase our international retail reach,” says Clay Presley, president of Carolina Pad and Paper.
The acquisition increases Carolina Pad and Paper’s brand portfolio with the addition of several internationally recognized names, including Designers Guild, Orla Kiely, Fabrica and Christian Lacroix. Libretto develops stationery and accessories on behalf of those brands.
Carolina Pad and Paper is a supplier of school and office products. The company has offices in Hong Kong and Shanghai, China.
Source: Charlotte Business Journal
Local JobPods 