St. Regis Crystal to Acquire R.S. OwensNovember 20, 2012
"This asset-based acquisition presents tremendous opportunities," said Richard Firkser, president and CEO of St. Regis Crystal. "R.S. Owens has spent 75 successful years developing its creative, innovative and technical skills. St Regis complements these skills with superior customer service, huge production capacity, and the structural and financial backbone to really grow."
"We are excited to soon be part of the St. Regis Group," said Scott Siegel, MAS, president of R.S. Owens and past chairman of PPAI. "The opportunity to combine St. Regis' strengths with R.S.Owens' creative design capabilities, U.S.-based manufacturing and reputation for exceptional quality will provide unprecedented growth opportunity."
Future plans include continuing to manufacture R.S. Owens products at its current location in Chicago. Decorating and fulfillment of catalog items will be done out of the St. Regis Indianapolis facility. Plans also include introducing the R.S. Owens line to Canada, fulfilled from the St. Regis Toronto facility.
R.S. Owens has grown into the world's largest manufacturer of premier awards, including the Oscar, Emmy, American Idol, Cotton Bowl, Nascar Pepsi Max 400, and Rock and Roll Hall of Fame awards. Founded in 1999, the St. Regis Group has grown steadily into North America’s premier supplier of crystal awards, recognition products and corporate gifts.