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: Building a More Sustainable North Adams

Letter to the Editor

To the Editor:

Last week, the North Adams City Council voted unanimously to expand the scope of our existing Tree Commission and create a new Sustainability & Tree Commission. I think this is an important move towards building a more sustainable city, for our future and the future of our children.

This wasn't the work of any one person. A lot of people put time and thought into getting us here. I want to thank my fellow councilors, who worked together to make the commission stronger; Mayor Macksey and her administration, who supported this change from the beginning; Tree Commission Chair Stephen Betti, who gave the proposal his blessing and spoke up in support of it; the members of the Inclusion, Diversity, Equity, and Access Commission, whose review helped make the language more inclusive; and the members of Green NA, who provided encouragement, guidance, and advocacy throughout this process.

The new commission will continue the important work of caring for and planting North Adams' trees while taking on a much broader role in thinking about our city's environmental future. It will advise the City on issues including energy efficiency, renewable energy, climate resilience, natural resource conservation, recycling and waste reduction, water management, biodiversity, sustainable development, and more. And importantly, the commission will have a role in public education, community engagement, pursuing grants and partnerships, and working with other boards, departments, and regional organizations.

The next step is to build the commission.

Assuming all three members of our current Tree Commission stay on, and I certainly hope they do, we will need four new members appointed by the mayor. The ordinance encourages the appointment of at least one young person under the age of 25, because we all believe young people should have a seat at the table when we talk about the future of their community.

If you are interested in helping build a more sustainable North Adams, I encourage you to consider applying by filling out the city's Boards & Commissions application and selecting "Tree Commission" here: 

Whether you join this commission or simply find another way to get involved, I hope you will participate. North Adams needs people who care enough to roll up their sleeves and help build the future, one tree planting at a time.

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