Michael Anthony Also in Talks

July 23, 1999

Michael Anthony Also in Talks

Michael Anthony plans to "consolidate the highly fragmented gold jewelry industry" by possibly acquiring smaller jewelry manufacturers, CEO Michael Paolercio told Bloomberg News Service.

The statement by the gold jewelry manufacturer, based in Mt. Vernon, NY, comes close on the heels major competitor OroAmerica Inc.'s announcement it was in talks with two companies worth a total of $100 million.

Michael Anthony will consider acquisitions of any size and is talking weekly with different companies, Paolercio said.

- by Stacey King