Berkshire Hathaway Subsidiary Richline Acquires The Aaron Group

16/01/2017 11:54

Richline Group, a subsidiary of Berkshire Hathaway and one the U.S.’s foremost fine jewelry manufacturers and marketers has acquired The Aaron Group, a leading jewelry manufacturer and marketer.

The Aaron Group, founded as Samuel Aaron Jewelry in 1950, is a third-generation family run business that has expanded from a single store in New York into a true international operation with factories, partnerships and hundreds of employees in Mumbai, London, Hong Kong and Guangzhou. “Richline Group support will enable The Aaron Group to grow faster, introduce new designs and collections more rapidly, and expand on our history of success by reaching a broader array of customers and markets. Our mutual goal is to anticipate, foster and drive positive change in our industry,” said Robert Kempler, president of the Aaron Group.

Richline’s CEO, Dennis Ulrich, said “this acquisition will allow The Aaron Group to continue as the leader of bridal, three-stone and fashion diamond and gemstone fine jewelry while leveraging Richline’s advanced capabilities across our entire jewelry value chain”.
The Richline Group’s vertically-integrated supply chain comprises LeachGarner (precious metals supplier), Inverness (ear piercing system manufacturer), Rio Grande (supplier for jewelers) and Richline Jewelry (markets and distributes to retailers), the latter including consumer brands Honora, Charmed Memories, EternaGold and numerous others.