Envela expands vertically with acquisition

Scottsdale, az / accesswire / september 14, 2023 / envela corporation (nyse american:ela) ("envela" or the "company") today announced that it has entered into an agreement to acquire steven kretchmer, inc., a well-established jewelry manufacturer, which will help diversify and enhance envela's consumer division. under the terms of the agreement, claudia kretchmer and the current kretchmer management team will continue to lead the company.
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