PLATTSBURGH, NY — W Schonbek LLC, a wholly owned subsidiary of WAC, has acquired the assets of Swarovski Lighting, Ltd., including the Schonbek Worldwide Lighting brand, the company’s factory in New York and all associated intellectual property, the companies announced.
Terms of the transaction were not disclosed.
“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,” a corporate spokesman said. 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 six months, the spokesman added, noting that W Schonbek and WAC have also hired more than 100 employees at the company’s facility in Plattsburgh, NY.
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