Enesco Acquires Department 56
By Staff -- Gifts & Decorative Accessories, 4/24/2009 7:41:00 AM
Itasca, IL — Giftware manufacturer Enesco LLC has acquired Department 56, including its key portfolio of brands, from gift and tabletop company, Lenox Corporation, which recently emerged from bankruptcy after being purchased by Clarion Capital Partners. Enesco's acquisition includes such known brands as Villages, Snowbabies and Possible Dreams, as well as key Department 56 holiday and licensed lines. This acquisition follows upon the news earlier this week of Enesco’s pending acquisition of the Charming Tails line from Fitz & Floyd.
In closing this deal, Enesco also hired a substantial portion of Department 56’s current employees, including its sales force, and acquired certain inventory and other Department 56 assets. The company intends to keep offices in both Minnesota and California.
“Department 56 is a very important and strategic addition to our family,” stated Matt Bousquette, executive chairman of Enesco. “Department 56’s stable of core brands and reputation are much-coveted assets in the gift industry. We look forward to having other great designers and brands join the company in the near future.”
Peter Cameron, CEO of Lenox said: “We are very pleased to have found an appropriate home for Department 56 and its employees. We have great confidence that Department 56 will flourish as part of the Enesco family. This sale allows Lenox to focus on its core tabletop, designer partnerships and bridal businesses.”
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