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.

Affordable Housing Advocates Look to Ballot Initiatives, State Legislation

By John TownesSpecial to iBerkshires
This five-part series looks at the challenges in building affordable housing and at some solutions in Berkshire County. Read Part 1, Part 2, Part 3, Part 4 and Part 5.
 
Regulatory reform is widely considered an important key in the overall effort to increase the supply and affordability of housing.
 
It's estimated that building a modest house can cost as much as $500,000 today.
 
While the rising price of materials and services are also responsible for this, a significant factor is the expense and delays that are required to meet stringent requirements and regulations. This impacts projects ranging from large developments to renovations by individual homeowners.
 
Despite differences and some controversies over specifics, there is widespread consensus on the need to streamline bureaucratic hurdles and red tape for new housing and rehabilitation of existing properties.
 
Reforms are intended to address excessive or unnecessary regulations and procedures in zoning, building codes and other requirements that proponents say stifle affordable construction and more efficient land-use.
 
One statewide advocacy group is Abundant Housing Massachusetts, a coalition of local community groups and others who
support pro-housing policies.
View Full Story

More North Adams Stories