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Richline Adds Rosato to Brand Portfolio January 18, 2011 (0 comments)
Arezzo, Italy—Rosato Srl is set to become the latest brand in the Richline International stable of brands. The transaction is expected to be completed by the end of next month.
“Rosato is another important and strategic addition to our brands,” says Dennis Ulrich, CEO of Richline Group. “It is our first real expansion into the international arena for acquisitions, and we have found a gem. Rosato has a great product line, talented people, and long-term relationships with its clients.
“This is a great opportunity for my brand to grow and expand globally,” adds Simona Rosato.
18k gold earrings from Rosato, Arezzo, Italy, set to join the Richline Group in February.
Dave Meleski, Richline president, also praised Simona Rosato and her team, adding that with Richline’s financial support, the Rosato team will again be able to focus on product and brand innovation.
Richline Group Inc. is a wholly-owned subsidiary of Berkshire Hathaway Inc. It was formed in 2007, initially consisting of the combined operations of Bel-Oro International and Aurafin LLC. It has since added multiple jewelry manufacturing brands to its portfolio, including Andin, Alarama, Aurafin, Auragem, Michael Anthony, Sardelli, and Tru-Kay/Barrows.