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Samuel Aaron Jewelry Plant to Close

Jan 26, 2017 2:02 AM   By Rapaport News
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RAPAPORT... Richline Group is shutting down a jewelry-manufacturing plant in New York State following its acquisition of The Aaron Group this month.

The factory, located in Mount Vernon, will close April 25, according to a filing with the New York State Department of Labor by Samuel Aaron International, the division of Aaron Group which ran the facility.

All 42 employees at the site will be affected with layoffs occurring in the 14-day period starting April 12, the notice said. Richline will spend the next 90 days working on plans for combining employees, departments and facilities, a spokesperson said.

Jewelry manufacturer Richline, a subsidiary of Warren Buffett’s Berkshire Hathaway, acquired The Aaron Group on January 11. Samuel Aaron, one of six divisions of the company, distributes colored-stone jewelry, mass-market bridal categories and diamond-fashion jewelry.

The Aaron Group did not respond to a request for comment.
Tags: Berkshire Hathaway, layoffs, Manufacturing, Mount Vernon, New York State, New York State Department of Labor, Rapaport News, richline, richline group, Samuel Aaron, Samuel Aaron International, The Aaron Group, warren buffett
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