Andin, the mass market jewelry manufacturer, has joined the Richline Group, the mega-supplier owned by Warren Buffett’s Berkshire Hathaway.
The deal is something of a change for Richline, which tends to buy “distressed” brands.
Ofer Azrielant, Andin’s owner, will become executive vice president of Richline’s Gem Group.
Among the brands under the Richline umbrella currently are Bel-Oro, Michael Anthony, Aurafin, AuraGem, Sardelli, Pace Designs, Prime Time, Alarama, ALA Casting, Gold Expressions, Town & Country Jewelry and Baby Gold.
Last week, it bought the assets of Colibri from Bidz.com, the auction closeout site.