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Article: The Providence Journal, R.I., business notes column.
- Article from:
- Providence Journal (Providence, RI)
- Article date:
- July 11, 2004
CopyrightCOPYRIGHT 2004 Providence Journal. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: John Kostrzewa
Jul. 11--COLIBRI ACQUIRES JOHNSTON JEWELRY MANUFACTURER: Fred Levinger, majority owner of The Colibri Group, says the jewelry company was named by its European owners in the 1960s after a small Spanish hummingbird.
The company had only $2 million in sales when he bought it in 1971, but has grown since then to $90 million to $100 million in revenue. And the company is still expanding with the recent acquisition of the machinery and equipment of Curtis Manufacturing/Princess Pride in Johnston.
Levinger, Colibri's president and CEO, said the Johnston plant will remain open and the 90 employees will be retained under Colibri. ...