April 5, 2018
Mohawk Fine Papers purchases Crane Stationery
Mohawk Fine Papers Inc., North America’s largest privately owned manufacturer of fine papers, envelopes and specialty materials for printing, announced today that it has purchased Crane Stationery Corp. of North Adams, Massachusetts, for an undisclosed amount. This acquisition includes all three premium Crane brands: Crane & Co., William Arthur and Vera Wang. This marks the latest expansion for Mohawk and is a natural evolution for this fourth-generation, family-owned paper company.
“The Crane name and reputation has withstood the test of time for more than 200 years, and we are very excited to add this legendary paper and stationery brand to our family portfolio,” said Tom O’Connor, Mohawk chairman and CEO.
The combined companies will expand Mohawk’s product offering to include Crane’s extensive, iconic line of boxed stationery, wedding invitations, holiday cards and other personalized products, as well as Crane Crest, Crane Bond and Crane Lettra. Mohawk and Crane will maintain their respective existing brand names and continue to offer their unique portfolios and offerings, while at the same time expanding products, offerings and channels.
Crane Stationery Corp. President Katie Lacey noted: “I cannot think of a more fitting match for Crane than a family-owned company like Mohawk, which instinctively recognizes the timeless impact of perfectly crafted print on beautiful paper. I look forward to seeing the Crane brand continue to grow under Mohawk’s exceptional leadership.”
Mohawk has assigned Paul Biesiadecki to oversee the Crane Business and facilitate the transition to Mohawk. Dean Daigle will be responsible for all Crane operations including Finance, HR and IT and Bart Robinson will lead the Sales and Marketing teams. All Crane employees with the exception of the three owners will join the Mohawk team.