Richline Acquires Rosato Assets

Richline
International has agreed to acquire the assets of Rosato, the two companies
announced Jan. 14.

The transaction
is expected to conclude by the end of Febraury.

“It is our
first real expansion into the international arena for acquisitions and we have
found a gem,” Dennis Ulrich, CEO of Richline Group, said in a statement.

“This is a great
opportunity for my brand to grow and expand globally,” Simona Rosato said in a
statement. “I am sure we will be able to let the real Italian jewellery design
be known and appreciated.”

Richline is owned by Berkshire Hathaway. Previous acquisitions include Tru Kay, Andin, Alarama, and Prime Time.