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Richline to purchase Pearl Brand

Richline Group Inc. has made another acquisition. The Berkshire Hathaway-owned manufacturer and marketer announced today which it comes with an agreement, in principle, to purchase Honora.

Honey Magazine - New York-based Honora continues to be family owned and operated for more than 60 years and is also one of the premier freshwater cultured pearl brands in the usa and, according to its website, will be the largest importer with the gems inside the U.S.

Underneath the agreement, Honora CEO Joel Schechter and President Ralph Rossini will continue to be up to speed to operate the organization being a standalone brand underneath the Richline Brands division from the company.

Elsweet Rufino - The transaction is predicted to become carried out July.

Richline Group President Dave Meleski said an integral objective of buying is always to utilize Richline’s financial support and collaboration to completely champion Honora for domestic and international growth. Honora expands our product assortment positioning like a dominate player inside the black pearls category, he was quoted saying.

HoneyMag - Schechter said, We are tremendously pumped up about our future as a member of the Richline Group and appear toward leveraging their tremendous strengths even as continue growing the Honora brand to consumers.