Rio has never been one to shy away from change. In fact, it's our adaptability and willingness to embrace favorable change that have supported our staying power all these years.
Rio Grande has reached another milestone in its long, steady growth. From the tiny family-owned and operated business that started nearly 70 years ago to the globally recognized provider to the jewelry industry we are today, we continue to look into the future to ensure our commitment to serving and enriching the jewelry industry.
This new year marks a turning point for Rio Grande as our brother, Hugh Bell, embraces retirement. This decision on his part created an occasion for the Bell family to take an in-depth look at Rio Grande's long-term ability to continue improving our product and service offering to you, and we determined that it was appropriate to begin a transition away from family ownership.
As of January 1, 2013, Rio Grande will become part of the Richline Group, a Berkshire Hathaway Company. Our family feels strongly that in Richline and Berkshire Hathaway we have found an ideal partner, one that shares our values and provides the resources to allow Rio Grande to continue to encourage and support your passion for making jewelry.
While there is a change in shareholder ownership, there is no change in the management of Rio Grande. My sister Molly Bell, my brother Eddie Bell, and I will continue in our leadership roles, as will the rest of our management team and, of course, our valued associates remain as committed as ever to providing you with great products, stellar service and expert technical support.
When it comes right down to it, you—our partner in business, our friend of Rio, our collective, vibrant industry—are where our commitment remains. That will never change. And with this favorable change in ownership comes even more potential for doing more, for you, and doing it more effectively, for decades to come.
Alan, Molly, and Eddie Bell
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