W Schonbek LLC, a new wholly owned subsidiary of WAC, Acquires Assets of Swarovski Lighting including Schonbek Worldwide Lighting

PLATTSBURGH, NY – W Schonbek LLC, a wholly owned subsidiary of WAC, acquired the assets of Swarovski Lighting, Ltd., including the Schonbek Worldwide Lighting brand, the factory in New York, and all associated intellectual property.  WAC was represented by Holland & Knight LLP in connection with this acquisition.  In the interest of building upon a historic presence in US manufacturing, W Schonbek and WAC hired over 100+ passionate employees in Plattsburgh, many of whom developed their craft over the last 30-40 years under the tutelage of 2 generations of Schonbeks.  The future of Schonbek will continue its 150-year heritage, reflecting a respect for craftmanship while elevating luxury design, and reclaim its leadership position in the crystal and custom lighting industry again. There will be a period of significant investment in the new W plant in Plattsburgh to ensure that it can execute this direction and is able to support products for the WAC, Modern Forms, dweLED, and AiSPiRE brands.  At the end of this phase of transition, the largest introduction ever of new products under the SCHONBEK brand is expected to be unveiled within the next 6 months.

“It’s about the people who carried the torch and helped create the powerhouse brand we all know and love.  Schonbek was always the industry leader not only in design but in how we treated our customers, how our customer service team was unmatched and the love affair with all partners: reps and customers alike.” says Jon McMahan, of KTR Associates who have represented Schonbek for 34 years. He continues, “The flame is still burning in our hearts from the days when Dirk Wald and Andrew Schonbek worked side by side. We are extremely excited for this once in a lifetime opportunity.  The passion and excitement for this brand goes beyond lighting.”

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