PE-backed A.T. Cross Company completes Sheaffer acquisition

A.T. Cross Company, which is backed by Clarion Capital, has closed its buy of pens maker Sheaffer. No financial terms were disclosed.

PRESS RELEASE

LINCOLN, R.I., Nov. 11, 2014 /PRNewswire/ — A.T. Cross Company, a portfolio company of Clarion Capital Partners, announced today that it completed the purchase of Sheaffer, BIC’s fine writing instrument business.

By leveraging the individual strengths of Cross® and Sheaffer®, two authentic, American fine writing brands, the A.T. Cross Company is well-positioned to be a worldwide leader in the design, manufacture, marketing and sale of premium, high-quality writing instruments.

About A. T. Cross Company
Founded in 1846, the A.T. Cross Company has helped generations of consumers celebrate signature moments with its award-winning quality writing instruments, journals, timepieces, non-prescription reading glasses and business accessories. Cross products are sold in 89 countries through fine department and specialty stores as well as through the corporate gift channel. For more information, please visit the A.T. Cross website: www.cross.com

About Clarion Capital Partners
Clarion Capital Partners is a New York based middle market private equity firm. Clarion invests in growth companies in a variety of industries including Consumer Products and Specialty Retail, Media & Entertainment, Business Services, Healthcare Services, and Specialty Financial Services. Additional information on Clarion can be found at www.clarion-capital.com