Massachusetts-based supplier Pin Machine (PPAI 653591, S5) has acquired GEMPIRE (PPAI 113471, S5). The move bolsters Pin Machine’s product offerings and fortifies its position as a leading supplier of emblematic jewelry.
The Acquisition
Effective immediately, GEMPIRE is now operating under the umbrella of Pin Machine.
GEMPIRE CEO Harvey Mackler, a former recipient of PPAI’s H. Ted Olson Humanitarian of the Year accolade, says the partnership came out of a shared vision for both companies.
“Pin Machine met all of our requirements – they are a perfect complement to what we have accomplished for almost 28 years,” Mackler says.
- The terms of the deal were not disclosed.
- Pin Machine has been in the emblematic jewelry business since 1939.
What It Means
Mackler will remain with GEMPIRE through the acquisition as an “integral asset in day-to-day operations.” Mackler says he is not retiring.
Tommy Romero, partner of Pin Machine, says the two companies will combine into something that can accomplish more than either could on its own.
“By combining our expertise and product offerings, we feel we can continue to deliver excellent quality and great value to our customers,” Romero says. “Both companies have been built with an emphasis on customer service, and we look forward to this next chapter together.”
Existing GEMPIRE customers should not expect any changes in terms of customer service and will be assisted by a broader range of production capabilities.
“The values of Pin Machine align perfectly with what we have attempted to do at GEMPIRE,” Mackler says. “Communicate, empathize and humanize with the stakeholders – our employees, customers and vendors.”
