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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 has an agreement, in principle, to get Honora.

HoneyMag - New York-based Honora has been family owned and operated in excess of Six decades and it is one of the premier freshwater cultured pearl brands in america and, based on its website, may be the largest importer from the gems in the U.S.

Beneath the agreement, Honora CEO Joel Schechter and President Ralph Rossini will stay up to speed to run the organization as a standalone brand beneath the Richline Brands division with the company.

Honey - The transaction is predicted to become carried out July.

Richline Group President Dave Meleski said an integral objective of the acquisition is to utilize Richline’s financial support and collaboration to fully champion Honora for domestic and international growth. Honora expands our product assortment positioning as a dominate player inside the pearl jewelry category, he was quoted saying.

Honey - Schechter said, We are tremendously looking forward to our future being a part of the Richline Group and appearance forward to leveraging their tremendous strengths even as continue growing the Honora brand to consumers.