Selco Acquires Belair Time Corporation
Tulsa, OK – September 18, 2020 – Selco, LLC, a Tulsa OK based promotional supplier company, has acquired certain assets of Belair Time Corporation, the leading private label watch supplier to independent jewelry stores. Selco has been operating Belair since June and the merger is dated back to June 1. Belair had closed is New Jersey facility in March in response to a state mandate due to COVID-19. In May, Selco and Belair put together an agreement that allowed Selco to operate Belair so shipments could resume. Once the transition was complete, Alan Grunwald, former President and Owner of Belair, worked with Mark Abels, owner of Selco, to transition ownership to Selco. The sale was complete on September 18,2020.
“Selco was the perfect company to buy my family business”, says Grunwald. “Their processes are similar to Belair’s and they add some customization capabilities that Belair did not have in house. They were able to take orders and start shipping quickly after receiving inventory.. Selco has been a customer of Belair’s for over 50 years and I have known Mark Abels since he entered the industry, over 25 years ago. Because of our long history, I know Selco is the right company to continue my family legacy.”
“We are excited to have this opportunity to buy Belair”, adds Abels. “It is a great fit for our work force, and it brings us into a new industry. We will be able to maximize our existing production capabilities with a large, new customer base. I am excited to learn the retail jewelry industry from Alan.”
Selco began shipping Belair orders in late June. There are no planned changes to product quality or pricing structures for Belair’s customers. Selco plans to maintain Belair sales representatives as well.
Selco will add new processes such as engraving, heat stamping on packaging and full color digital printing.
Selco LLC, “The Original Logo Watch Company,” was established in 1935. A manufacturer and supplier of custom imprinted and die struck medallion timepieces and other innovative products, Selco provides exceptional customer service to the awards, recognition and promotional products industries through the Selco® Geneve, A*belle® Promotional Time and Filter watch brands.
Belair Time Corporation was established in 1945 by Ernest and Ilse Grunwald. For 75 years Belair has been a highly respected manufacturer of popular priced, stylish, high quality timepieces. Belair has always been and will continue to be a family owned and operated, American company.
Contact:
SELCO, LLC
info@selcotime.com
8909 East 21st Street
Tulsa, OK 74129
PH (800) 947-3526
asi 86230 upic SELCO
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Selco Custom Time Corporation
| selcotime.com
