Thirstystone Resources, a leading manufacturer of coasters and decorative home entertaining products, has been acquired by Pine Brook, New Jersey-based flatware and cutlery industry leader, Cambridge Silversmiths. Thirstystone will continue to function independently, from its Gainesville, Texas headquarters, as a separate division of Cambridge Silversmiths.
Cambridge Silversmiths markets more than 250 different flatware designs in every price category, including 18-8, 18-10, and forged products. The company also acts as a licensee for Robert Welch Designs, Farberware, and Fiesta. Cambridge designs, manufactures, and distributes private label programs for clients including Target Stores, Food Network, Bobby Flay, and Joy Mangano. Cambridge is the leading source for major retailers including: Walmart, Crate and Barrel, Williams-Sonoma, Pottery Barn, Neiman Marcus, Bed Bath and Beyond, Restoration Hardware, Federated Department Stores, Target Stores, Costco, Kohl’s, Bloomingdale’s, Dillard’s, J.C. Penney, and Sears.
Roger Freeman, founder and owner of Cambridge, said, “I am extremely enthusiastic about this acquisition because Cambridge represents five generations of skill, expertise, and devotion to the craft, and Thirstystone is a proven, innovative industry leader. This means great potential for both companies to expand and benefit from the success we have built independently. I have been looking for the right acquisition for a long time, and Thirstystone is a perfect fit for our long term goals,” he continued. “ I am confident that it will be a most exciting adventure to build both brands.”
Longtime Thirstystone President, Laurie Leahy, had this to say about the merger: “This acquisition is a wonderful opportunity for our company, providing us with new resources available to us under the Cambridge umbrella which will propel us forward into new markets. Together, we will create collections that will celebrate home entertainment and exciting design, while maintaining both companies’ long term commitment to quality, customer service, and unique product.” Leahy added, “I believe we can take the home entertainment category by storm.”
Founded in 1989, Thirstystone Resources has been a consistent industry leader in coasters, and in recent years, has expanded into the home entertaining category with a focus on serveware and barware. Thirstystone will exhibit in the Cambridge showroom on the 18th floor of Forty One Madison during the upcoming New York Tabletop Show, October 14-18.