HMS Jewelry Acquires Majority Share of Wholesaler

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.

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