Judel Products, a manufacturer of premium hand-blown glassware for the high-end restaurant and foodservice market, had been a wholly-owned subsidiary of Tiffany & Co. (NYSE:TIF) since 1992.
Tiffany had begun to refocus its mission on its core retailing operations, resulting in its decision to exit various non-core businesses, including Judel.
Carter Morse & Mathias, as Tiffany’s exclusive financial advisor, arranged the sale of Judel to St. George Crystal, a leading manufacturer of lead crystal giftware and stemware.
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