Those of you who know me know that one of my hobbies is writing with fountain pens and stationery, so I was saddened when I learned earlier this week that Mohawk Paper, a local company that was previously family-owned for generations, had sold out to an Italian company owned by Bain Capital (Romney’s private equity vulture fund). Mohawk owns Crane Stationery, and roughly 75 people were laid off as a result of the acquisition.
So I was thrilled to read that a local investment firm was looking to buy the brand and save the jobs. The owner of the investment firm is the former owner of Tierra Farms, a local business that processes organic coffee and nuts, so they know a thing or two about the value (the inherent value, not just the monetary value) of high quality products.
The deal isn’t done yet, but hopefully it works out.
2 thoughts on “A last-minute reprieve?”