The Beadery Acquires Assets of Quality Bead Craft Inc.
- On June 23, 2017
The Beadery, a company of the Toner Plastics Group, East Longmeadow, Mass., has acquired the assets of Quality Bead Craft Inc., Bloomfield, Conn., a leading U.S. plastic bead manufacturer. The Beadery purchased Quality Bead Craft’s existing finished goods inventory, injection molds, and customer list. Financial terms of the June 23 transaction were not disclosed.
Quality Bead Craft has been a U.S. supplier of high-quality plastic bead products utilizing multi-cavity production since 1985. “We’re pleased to acquire the assets of Quality Bead Craft and their library of molds,” said Joseph Ritacco, general manager of The Beadery. “We look forward to meeting the needs of the U.S. plastic bead market and serving the new combined customer base.”
“Even as competitors we’ve had a good working relationship over the years,” said Rick Hillier, vice president of Quality Bead Craft Inc. “We’re totally confident in the ability of The Beadery to meet the needs of our former customers.”
Both companies are working together to undertake a smooth transition of current Quality Bead Craft customers to The Beadery.
The Beadery has manufactured plastic beads and other parts for crafts, jewelry, toys, and industrial applications in Rhode Island since 1932. Over the past eight decades, the company has grown to be a world leader in plastic beads, acrylic rhinestones, cabochons, acrylic mirrors, decorative flower and leaf beads, and pony beads. The Beadery sells its packaged and bulk plastic bead products directly to a nationwide network of manufacturers, distributors, and retailers.
About The Beadery
The Beadery (formerly Greene Plastics Corp.), based in Hope Valley, R.I., is an injection molding manufacturer and the oldest manufacturer of plastic beads in the U.S. The company, founded in 1932, has in-house capabilities for part design, injection mold design and fabrication, injection molding production, kit assembly, and fulfillment. The Beadery has over 10,000 of its own product SKUs and supplies the fashion, craft, and toy industries with beads of all shapes, sizes, and colors. The company also private labels and supplies many wholesalers, distributors, and retailers with product. For more information, visit www.thebeadery.com.
About The Toner Plastics Group
The Toner Plastics Group is an integrated group of plastics manufacturing companies owned by Steven Graham with headquarters at Toner Plastics in East Longmeadow, Mass. The group includes S&E Specialty Polymers, Lunenburg, Mass., The Beadery, Hope Valley, R.I., and Modern Mold & Tool, Pittsfield, Mass. Founded in 1989, the company has experienced tremendous growth both organically and through acquisition since its inception. The group’s capabilities include custom compounding, extrusion, injection mold making, injection molding, and assembly. For more information, visit www.toner-plastics.com.
