13815 Tue, 02/19/2008 - 1:33pm
COLUMBIA, Pa.–Susquehanna Glass has acquired Townsend Glass in a move that consolidates and strengthens the personalized and custom glassware business. Terms of the acquisition were not disclosed.
Townsend Glass, based in Long Island City, N.Y., manufactures and sells high-end decorated glassware and giftware to museums, universities and non-profit organizations, among others. The small company is best known for extra-deep etching of custom products, such as awards bowls and vases.
Townsend approached Susquehanna about a possible acquisition, and Susquehanna saw the move as a way to strengthen its product offerings and market position for the specialty gift industry, said Walt Rowen, president of Susquehanna, in a statement.
Susquehanna, established in 1910 here in Columbia, is best known for its personalization programs for high-end specialty and department stores, as well as wineries. It plans to expand the Townsend line.
Elizabeth Schnee, president of Townsend, plans to retire following a transition period in which she will provide training and consultive services to Susquehanna. None of the company’s six employees, which include the owner and mostly part-time workers, will continue to work for Susquehanna, although expected growth of the two lines may lead to increased employment in the future, according to Susquehanna.