Crane Stationery Being Revived Under New Owner

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NORTH ADAMS, Mass. — The venerable Crane Stationery is turning a page with its new owner. 
 
WP Strategic Holdings says it has completed its acquisition of 200-year-old company, according The Albany Business Review. 
 
Todd Kletter, managing partner of WP Strategic Holdings, told the Review that he expects it will restart operations on Friday.
 
About 90 percent of the employees abruptly laid off in February when its parent company Mohawk Fine Papers was acquired by an international firm are being told they will be rehired with the seniority and benefits intact. They expected to receive offer letters today. 
 
The Albany, N.Y.-based consulting and investment firm had Crane listed in its portfolio within days of its closure and stated its intention to acquire the company.
 
"We are thrilled to welcome Crane Stationery into the WP Strategic Holdings family," Kletter said in a statement to the Review. "Crane Stationery's unparalleled reputation for quality and craftsmanship aligns perfectly with our vision of supporting companies with a strong heritage and a dedication to excellence."
 
Mohawk Fine Papers of Cohoes, N.Y., purchased Crane Stationery in 2018 with plans to expand the operation. But it closed the North Adams plant in 2020 and laid off nearly 200 employees. 
 
Fedrigoni, a specialty paper and luxury packaging manufacturer based in Italy, acquired the paper company in February. Mohawk, family owned since 1931, had entered into a manufacturing agreement with Fedrigoni in 2022 and became its North American distributor last July.
 
Some Crane employees had been offered jobs in Cohoes, where the printing of Crane was to continue, and remotely. Those workers were abruptly locked out of the company's email and servers on Feb. 14.
 
Kletter told the Review that Fedrigoni had placed Crane's assets in a holding company while negotiating with his team and Crane will lease space in Cohoes from Fedrigoni. He said retired Mohawk CEO Thomas D. O'Connor Jr. had helped facilitate the deal but has no stake in Crane's revival. 
 
"We are excited about the possibilities that this acquisition brings," Kletter said in a statement. "This acquisition will enable Crane to maintain its growth initiatives, expand its reach, and continue the legacy of delivering premium stationery products to our discerning customers."
 
He also told the Review he has been assuring Crane's customers, who had been cut off with no explanation. The Crane website, which for weeks had a notice that the site was down for maintenance as "We are taking a moment to reflect" is back up. 
 
Kletter, who founded WP Strategic Holdings in 2020, had previously consulted for Crane and is currently the interim chief operating officer.
 
Offer letters to employees say the the transition will "unfold in several phases" but they can "rest assured that your wages and payment schedule will remain unchanged."
 
"Our goal is to make this transition as seamless as possible for you and keep benefits as closely aligned to what had been offered in the past. We appreciate your patience as we finalize these details."

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Letter: Chamberlain: Thank You, North Adams

Letter to the Editor

To the Editor:

Thank you North Adams!

It has been an honor to serve on your School Committee these past years. I am living in Vermont now and so am unable to continue serving, but I wanted to take this opportunity to express my appreciation, as well as my concerns, for the city and the commonwealth.

I have engaged actively in Massachusetts politics for many years, but this was my first experience holding public office, and I could not have hoped for a more inspiring experience. I was privileged to work with many of the most caring, dedicated, and passionate elected officials I have ever met, and I’m eager to see what the city will accomplish in the years ahead as civic participation continues to grow and flourish.

I see so much potential being realized in North Adams, but I remain frustrated by the behavior of governments at higher levels. Most of my concerns have been shared by voices louder and more articulate than mine. But one has not, and it is the source of nearly every failure of government we experience now: that we have allowed two private political machines to take and hold every lever of political power that exists.

While one machine in Washington undermines every principle of republican government our country has ever claimed to hold, the other machine in Boston betrays our democracy in order to separate their power from any check, balance, audit, and every other form of accountability to voters. They offer favors for loyalty, policy outcomes for campaign contributions, and retribution for dissent. And for all the feigned animosity we observe between them, they have colluded successfully to convince nearly every American that they have no choices in their government’s leaders save those ordained by them.

I hope that the years to come will see the esteem enjoyed by these machines continue to dwindle, and that we may eventually reclaim the tools of democracy from them and their corporate sponsors. Until then, we must make a conscious effort to distinguish between the candidates who seek to work for us (despite the political necessity of their affiliation) and those who seek to work for the privileges of party status.

I was tempted to list the names of candidates that I would be supporting if I still lived in Massachusetts, but I suspect they will be obvious to any who have or will consider this year’s elections. Further, I know that the concerns I raise above will take far longer than a single election cycle to remedy.

So thank you for your trust in me these past years, and for your consideration now.

Cody Chamberlain

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