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.
This information should not be construed as a recommendation, offer to sell, or solicitation of an offer to buy a particular security or investment strategy. The commentary provided is for informational purposes only and should not be relied on for accounting, legal, tax or other professional advice. While the information herein is deemed reliable, CMM cannot guarantee its accuracy, completeness, or suitability for any purpose, and makes no warranties with regard to the results to be obtained from its use.
Copyright © 2015 Carter Morse Mathias and Company. All rights reserved.