Envela Agrees To Acquire Jewelry Manufacturer Steven Kretchmer, Enhances Consumer Division; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Envela has agreed to acquire jewelry manufacturer Steven Kretchmer. The terms of the deal were not disclosed. This acquisition is expected to enhance Envela's consumer division.
September 14, 2023 | 1:19 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Envela's acquisition of Steven Kretchmer is expected to enhance its consumer division. The terms of the deal were not disclosed.
Acquisitions often lead to an increase in a company's stock price as they can lead to increased market share, cost efficiencies, or entry into new markets. In this case, Envela's acquisition of Steven Kretchmer is expected to enhance its consumer division, which could potentially lead to increased revenues and profits.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100