WP Strategic Holdings Acquires Crane Stationery
WP Strategic Holdings, a boutique private consulting and investment firm renowned for its commitment to nurturing the growth of small and middle-market companies, proudly announces its acquisition of Crane Stationery, a venerable provider of luxury stationery products.
The acquisition of Crane Stationery marks a significant milestone for WP Strategic Holdings as it expands its portfolio into the luxury goods sector. This strategic move underscores WP Strategic Holdings' dedication to fostering the growth and development of companies with rich legacies and a commitment to excellence.
Tom O'Connor Jr, former CEO at Mohawk Paper, and instrumental figure in facilitating the acquisition, played a pivotal role in orchestrating the transaction. His extensive experience and deep industry knowledge were invaluable assets in navigating the complexities of the deal and ensuring a smooth transition.
"We are thrilled to welcome Crane Stationery into the WP Strategic Holdings family," said Todd Kletter, Managing Partner at WP Strategic Holdings. "Crane Stationery's unparalleled reputation for quality and craftsmanship aligns perfectly with our vision of supporting companies with a strong heritage and a dedication to excellence. Together, we are poised to unlock new opportunities for growth and maintaining its place in our nation’s history."
Todd Slingerland and Adam Neary, shareholders at WP Strategic Holdings, demonstrated unwavering commitment and determination in seizing the opportunity to acquire Crane Stationery. When news of Crane's potential closure emerged late Tuesday evening February 13th, Todd Kletter called his team with a sense of urgency. Slingerland and Neary immediately rallied behind the initiative, echoing Kletter’s sentiment, "go get it, let's do everything we can to save 80 jobs and preserve a 223-year-old company."
"We are excited about the possibilities that this acquisition brings," said Kletter "This acquisition will enable Crane to maintain its growth initiatives, expand its reach, and continue the legacy of delivering premium stationery products to our discerning customers."
WP Strategic Holdings remains committed to preserving Crane Stationery's rich heritage while leveraging its resources, expertise, and network to drive strategic and sustainable expansion.
The preceding press release was provided by a company unaffiliated with Printing Impressions. The views expressed within do not directly reflect the thoughts or opinions of the staff of Printing Impressions.
