Albany Firm Looks To Purchase Crane Stationery

Staff Reports Print Story | Email Story
COHOES, N.Y. — According to an article from the Times Union, WP Strategic Holdings is reported to be purchasing Crane Stationery company that was formerly located in North Adams.
 
The article, that was published Feb, 20. 2024, stated that the holding company's owner Todd Kletter told the Albany Business Review that "In principle, we have a deal," in regard to the purchase.
 
The article continued that WP Strategic Holdings already listed Crane as one of its properties on its website, and Kletter told the Albany Business Review that he hoped to have Crane in operation this week.
 
He expects to close on the deal within 30 to 45 days.
 
Earlier this month, the Albany Business Review reported that the 220 year old stationery company was being acquired by international Fedrigoni Group and employees at Crane were laid off. They confirmed that 75 people in the Crane unit were notified that they were laid off "effective immediately."
 
Mohawk Fine Papers purchased Crane Stationery in 2018 The New York company closed the North Adams, Mass., plant in 2020 and laid off nearly 200 employees. 
 
A number of them were offered jobs in Cohoes, where the printing of Crane was to continue, and remotely.

Tags: Crane,   

If you would like to contribute information on this article, contact us at info@iberkshires.com.

Weekend Outlook: Spring Celebrations, Clean-ups, and More

By Sabrina DammsiBerkshires Staff
This spring weekend, there are a variety of events in and around the Berkshires, including Spring Celebrations, music, cleanups, and more.  
 
Editor's Pick
 
Downtown Celebrates Spring Week
Downtown Pittsfield
Saturday & Sunday
 
There will be various events to celebrate spring, including a beach and tea party, and a free Kids' Paint & Sip event.  
 
The featured event is "Where's Winston?" a spring scavenger hunt for images of the Pittsfield Police Department's comfort dog, Officer Winston, at a dozen downtown locations. More information here
 
Friday 
 
View Full Story

More North Adams Stories