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Quality Gold, Inc. Announces Acquisition Of Herco Jewelry Company

Jan 19, 2023almost 3 years ago

Acquiring Company

Quality Gold

Acquired Company

HERCO Jewelry Company

JewelryRetailFashionE CommerceJewelryRetailFashionE Commerce

Description

Quality Gold, Inc. and certain of its affiliates and subsidiaries (“Quality Gold” or the “Company”), a leading vertically integrated specialty logistics and jewelry distributor that has entered into a business combination agreement (the “Business Combination Agreement”) with Tastemaker Acquisition Corp. (Nasdaq: TMKR) (“TMKR” or Tastemaker”), today announced it has signed a definitive agreement to acquire HERCO Jewelry Company (“HERCO”), a leading family-owned wholesale jewelry company specializing in higher-end 14K, 18K, and Platinum designs. The acquisition is expected to be completed by mid-February.

Company Information

Company

Quality Gold

About

Founded in 1979, Quality Gold, Inc. is a global company headquartered in Fairfield, Ohio, and operates within the United States, Canada and India. The Company offers more than 165,000 jewelry and gift products that are available to ship same day. Quality Gold actively serves more than 15,000 retailers across the United States, its territories, and Canada. The Company’s business has been built on a commitment to provide the largest selection of products, the best service, and the best value to its customers. For more information, please visit https://www.qgold.com/.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed