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: Let's Prioritize Investment in Public Education in Massachusetts

Letter to the Editor

To the Editor:

Across the 1st Berkshire District, our schools face a unique set of challenges. Declining enrollment, rising transportation costs, workforce shortages, increasing special education expenses, and growing student mental health needs are placing significant pressure on local districts and taxpayers alike.

We need to continue to strengthen the connections between our primary schools, higher education institutions, career training programs, and local employers so that more young people can build successful futures right here in the Berkshires. Whether it's early college programming that has been spearheaded and highly successful right here in the 1st Berkshire District with MCLA, new trades training like the HVAC program at McCann, or the high demand certifications and trainings in healthcare now being built and operated at BCC, MCLA, and within our K-12 system. Each of these represents an example of how we do things well right here in our region, and lays the groundwork for how we can continue to advance educational support.

A strong public education system is directly connected to housing, childcare, transportation, workforce development, and economic opportunity. If we want to retain young families, attract new residents, and build a stronger regional economy, we must continue investing in educational excellence at every level.

I support continued and enhanced investment in public education, career and technical education, and early childhood education. I also support policies that recognize the unique challenges facing rural and small-city districts, particularly around transportation funding, the imbalance of special education costs and state funding formulas, and educator recruitment and retention. When local students' needs change, we need to be aggressive in advocating and designing policies that remain agile to the cost-of-service impacts and be willing to change existing practices such as the Chapter 70 funding formula. Together, we need to foster a culture of equitable education investment that lifts up our students and families, not one that measures their value based on standardized tests that have proven to be determined more heavily by median household income, and not the quality of our educators, the commitment of our students or the support of our communities.

Every student deserves a pathway to success, whether that pathway leads to a college classroom, a skilled trade, military service, entrepreneurship, or a career right here in the Berkshires. As your State Representative, I will work collaboratively with educators, families, school leaders, higher education institutions, workforce partners, and state agencies to make sure that the Berkshires have a strong voice in shaping the future of education policy in Massachusetts, and will ensure that our communities get the tailored support we need and deserve.

Sincerely,

Andrew Fitch
North Adams, Mass. 

Candidate for state representative, 1st Berkshire District

 

 

 

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