A.T. Cross changes name to Costa Inc., reflecting new direction
Costa Inc., formerly A.T. Cross, announced its name change Wednesday and debuted a new logo design, above. The change follows the sale of the company's Cross Accessory Division, which comprised the company's signature pens.
LINCOLN – A.T. Cross Co., vendor of Costa and Native Eyewear brand sport sunglasses, announced Wednesday that it will now operate under the name Costa Inc.
In July, the company sold its Cross Accessory Division – which comprised the company’s signature pens and related products – to an affiliate of private equity firm Clarion Capital Partners for $60 million.
The sale, completed Sept. 6, included the rights to the A.T. Cross name, historically associated with the writing-instrument business.
“We are excited about our new direction,” said David G. Whalen, CEO of Costa Inc., in a news release. “Changing our name to Costa Inc. aligns the corporation’s identity with our largest brand and continues our evolution into a growth company focused on the continued rapid expansion of our premium sports sunglass business.”
The company’s NASDAQ symbol will remain ATX, but the company’s corporate website has migrated to www.costabrands.com, which will also serve as the new suffix for corporate email addresses.
In addition, Costa Inc. has moved its corporate headquarters to 24 Albion Road, Suite 330 in Lincoln, while its primary operating locations remain in Daytona Beach, Fla., and Denver.
Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot by December 31st and get a holiday gift from PBN!
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.