ChemArt Assumes Precision Etchings & Findings Business Assets

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Precision Etching and Findings Inc. President Ron Boccanfuso, CEO Peter Lombardi, and Founder and CEO of ChemArt Richard Beaupre announce that the Lincoln, Rhode Island-based company has been entrusted to carry on business relationships with all Precision accounts. Precision has entered into a business arrangement to hand over all etching accounts along with all tooling and artwork files to ChemArt for safe-keeping and future business activities.

When we decided to transition our business, the first company that came to mind was ChemArt. We have always respected and admired them for their business ethics and honesty

Precision Etching and Findings Inc. President Ron Boccanfuso, CEO Peter Lombardi, and Founder and CEO of ChemArt Richard Beaupre announce that the Lincoln, Rhode Island-based company has been entrusted to carry on business relationships with all Precision accounts. Precision has entered into a business arrangement to hand over all etching accounts along with all tooling and artwork files to ChemArt for safe-keeping and future business activities.

Precision was established in 1985 by co-owners Peter S. Lombardi and Ronald J. Boccanfuso in Warwick, RI. Together, with their knowledge and experience of the jewelry business, they committed themselves to providing unparalleled design, manufacturing and completion of customer product regardless of order size. To set themselves apart, they remained the only photo-etching company to do their own in-house refining for the precious metal industry.

"When we decided to transition our business, the first company that came to mind was ChemArt. We have always respected and admired them for their business ethics and honesty," said Ron Buccanfuso. "Entrusting ChemArt with our account lists, files and other assets made sense. They have the capabilities to maintain and grow the business with our clients, and as caretaker we only see good things ahead for what were our customers."

ChemArt began its business life as a small business venture nearly 35 years ago. Using his chemical research background, Dick Beaupre, CEO & Founder, applied that technology to the jewelry findings business. Later adapted to ornaments and precision parts, the company grew to its current size. "The addition of Precision Etchings customers to the ChemArt family is both exciting and sad. We hate to see such a fine competitor make the decision to exit the business. As caretakers this puts a great deal of responsibility on our shoulders. We know Ron and Pete did not come to this decision lightly, and thank them for the trust they have in ChemArt." says Beaupre.

"We were also able to add talent to our already talented design staff. We think this is a plus and will add to the ease of transition as this business venture evolves." continues Beaupre. In announcing this transition, Beaupre recognizes the opportunities ahead for the business. By incorporating the silver etching segment of business into the ChemArt operating model will enhance the capabilities of the business and broaden the market and business opportunities available to ChemArt.

ABOUT CHEMART

For over thirty years, ChemArt has served as the premiere designer and manufacturer of photo-chemically etched decorative ornaments and collectibles in the United States. Fully integrated from design through distribution, ChemArt provides products for the giftware industry and fundraising ventures. It currently licenses the Baldwin brand of distinctive ornaments broadening its distribution into retail. The company, located in Lincoln, Rhode Island, has produced "Keepsakes Etched in Time" for the White House Historical Association, the U.S. Capitol Historical Society, the CIA, the National Corvette Museum, many charities supporting Autism - including Autism Speaks and the Doug Flutie Jr. Foundation for Autism-, Habitat for Humanity, the Jimmy Fund, Ellis Island & Statue of Liberty Foundation, Notre Dame University, the American Red Cross, and the Texas State Capitol Preservation Board. For more information, visit http://www.chemart.com.

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Lee Rush
ChemArt
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