Lenox Corp., a tableware and giftware firm, has purchased Cambridge Silversmiths from The DAK group.
Cambridge Silversmiths is a provider of design and innovation services for flatware and tabletop accessories. The deal creates an organization with a deep and wide range of tabletop and kitchenware products.
“The owners of Cambridge have built an extraordinary company with an extraordinary reputation and a loyal and devoted customer base,” stated Alan Scharfstein, CEO of The DAK Group. “This transaction has afforded them the opportunity to gain a strategic partner to accelerate their vision of growth.”