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Tuesday, January 18, 2011

Richline Group to Acquire Rosato

Simona Rosato
The Richline Group will be adding another brand to its portfolio as the company announced Monday that it is acquiring acquiring Italian jewelry brand and Rosato Srl. The two companies signed an agreement that will allow the acquisition to take place by the end of February.

Rosato, based in Arezzo and Milan, Italy, was founded by Simona Rosato in 1994 with the idea of turning fine gold and silver jewelry into a more trend-driven accessory. The company also owns the jewelry brands 7AR and Calgaro.

Richline Group is a wholly-owned subsidiary of Berkshire Hathaway. It is a jewelry manufacturer and the largest importer of gold jeweler. The company, founded in 1997, owns several brands, including Andin, Bel-Oro and Michael Anthony.
“Rosato is another important and strategic addition to our brands. It is our first real expansion into the international arena for acquisitions and we have found a gem,” said Dennis Ulrich, Richline Group CEO. Rosato has a great product line, talented people and long term relationships with its clients.”

Simona Rosato added: “This is a great opportunity for my brand to grow and expand globally. I am sure we will be able to let the real Italian jewelry design be known and appreciated.”

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