A.T. Cross signs asset-purchase pact for BIC division

CLICHY, France – Lincoln-based A.T. Cross Co., a portfolio company of Clarion Capital Partners, has signed an asset-purchase agreement to acquire Sheaffer, the fine-writing-instrument business of Clichy, France-based BIC for approximately $15 million, the two companies announced Aug. 21.
A.T. Cross said intends to create a business well-positioned to be a worldwide leader in the design, manufacture and sale of premium writing instruments, according to the announcement. The closing is expected by the end of October .
A.T. Cross, America’s oldest manufacturer of fine writing instruments founded in 1839, has about 140 employees in Lincoln.

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