In October Overnight Mountings, one of the largest suppliers of mountings and semi-mounts to the jewelry industry, purchased, at auction, all assets of Satco Casting. Satco Casting is a well known caster of all precious metals to the jewelry industry.
According to Jeff Adwar, President of Overnight, “the purchase will expand Overnight’s manufacturing capacity by 30%, which will allow Overnight to continue manufacturing all of their gold and diamond products in the USA, while meeting Overnight’s growing demand. Overnight will continue to service all existing Satco customers. Our goal is to rebuild the Satco brand, helping with financing and new systems.”
While many of the corporate, sales, and customer relations functions will be handled by Overnight’s team, the casting and manufacturing will be done by the same talented staff that served the Satco customers over the past 25 years.
Don Cyran, production manager of Satco, commented: “The Satco team takes great pride in what we have built over the years. We look forward to utilizing Overnight’s expertise and vast resources to better serve our loyal and new casting customers.”
Included in the purchase is the Plaza Bracelet Company. Plaza is a leading wholesaler of tennis style bracelets.
Visit Overnight online at www.OvernightMountings.com.