HMS Jewelry Acquires Majority Share of Wholesaler

Apr 24, 2004 9:30 PM  By

Looking to broaden its product offering to retail jewelers, HMS Jewelry Co., a subsidiary of Addison, TX-based SGD Holdings, acquired 80% of the common stock of Gem Pack, a Richardson, TX-based importer/wholesaler of custom jewelry. Terms of the deal were not disclosed. HMS sells gold and platinum jewelry to more than 30,000 jewelers via catalogs and the Internet.