Jewelry Distributors Bel-Oro Acquired Michael Anthony Assets
August 22, 05
Bel-Oro International, one of the largest distributors in the U.S. of fine jewelry including gold, silver and precious stone items, has acquired the operating assets of Michael Anthony Jewelers, Inc.
New York City based Bel-Oro International operates the Bel-Oro, Pace and Sardelli group of companies that supply major U.S. and international retailers.
Michael Anthony is based in Mt. Vernon, NY and has over 30 years experience as a leading designer, marketer and manufacturer of fine gold jewelry and watches.
Under the agreement, Michael Paolercio, Anthony Paolercio and Shelly Light will become executives with Bel-Oro International. In a related transaction, Bel-Oro International has acquired the MADOR factory owned and operated by Michael Anthony in the Dominican Republic.
According to Bel-Oro International CEO, Dennis Ulrich, “The addition of Michael Anthony's state-of-the-art offshore factory allows us to provide leading retailers with a full range of services, from direct overseas product sourcing to value-added merchandising and distribution.“