(PRWEB) May 04, 2012
An Important Announcement from LeachGarner
Richline Group, Inc. successfully completed the purchase of Cookson Precious Metals/Material Products Group. The newly formed company will operate under the name of LeachGarner, a Berkshire Hathaway Company. This includes certain operating businesses for distribution and sales of LeachGarner product in the UK, France, Hong Kong, Japan, and China.
Joe White, LeachGarner’s President, commented “Under our new corporate identity as LeachGarner, a Berkshire Hathaway Company, we will have created an independent manufacturer of all essential materials... mill, findings and chain. The melding of our experienced, talented people is the foundation upon which we intend to build a new success and a boundless potential for the future”.
“LeachGarner is dedicated, with a renewed commitment, to supplying products and services that are a cornerstone of the jewelry industry” stated Joe Esposito, LG’s Managing Director. “The fully integrated product offering of LeachGarner will present the industry's most extensive line of raw materials, findings, beads and chain.”
The brands of LeachGarner comprise many of the industry’s foremost manufacturing entities. Stern Metals: (formerly known as Stern-Leach) is our fabricated gold, gold-filled and silver mill and alloys brand with products offered in a wide range of forms - sheet, wire, tubing, casting grain and coin blanks.
General Findings: is the industry's prime source for precious metal beads and findings. As a LeachGarner brand, General Findings will present the best selection of product offerings from our Hallmark Sweet and Prime Time lines. The impending merger, of our existing, worldwide manufacturing base, with Prime Time Manufacturing of Warwick, RI, will increase our capacity for innovative, quality products.
Excell: is our high quality chain manufacturing brand. Excell Manufacturing will be enhanced further through the combined product catalog with Prime Chain.
About Richline Group, Inc.
Richline Group, Inc., a wholly-owned subsidiary of Berkshire Hathaway Inc., is a leading worldwide Precious Metals Manufacturer and Marketer. Berkshire Hathaway, and its subsidiaries, engage in diverse business activities including property and casualty insurance, utilities and energy, finance, manufacturing, retailing and services.
Contact: Mark Hanna
Richline Group, Inc.