The Riddle’s Group wholesale division has acquired the assets of silver jewelry manufacturer Dakota West.
The Albuquerque, N.M.–based Dakota West owns the Silver Elegance and Absolutely Charming brands. The purchase price was not disclosed.
There will be no change in how the companies operate “at this point,” said Brett Riddle, CEO of Rapid City, S.D.–based Riddle’s Group, in a statement.
While Riddle’s also owns a jewelry chain, those stores won’t sell Dakota West’s branded lines, says vice president of sales Brandon Keyser.
Last year, Riddle’s bought the assets of Landstrom’s Original Black Hills Gold Creations.
“We are always on the lookout for new acquisitions,” says Keyser. While all its acquisitions have been based in the West so far, Keyser says it would consider companies anywhere in the United States.