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Calera Buys Carnegie Major Stake; Existing Management Continues

January 16, 2017

ROCKVILLE CENTER, NY--Carnegie has finalized an agreement to sell a majority interest in the company to a financial partner named Calera Capital based in Boston, MA. The purchase price was not disclosed. Cliff Goldman, Carnegie second generation family owner will remain a minority shareholder and will continue to run the company. “I have no intention of changing how Carnegie has been built, its unique core culture or our commitment to innovation and sustainability,” he says. “It is exactly because they recognized our unique approach to success that Calera wanted to partner with Carnegie and our management team and why we decided to partner with them.” Goldman also says that Carnegie’s suppliers will remain unchanged. “We will continue to operate in a collaborative manner that brings success for us both,” he says in a recent memo to his customers. “As for myself; I will continue to run this company with the same dedication to our employees, clients and the planet as I always have. Our management team will take on increasing responsibility for charting a successful course forward – one that I know my father who founded this company 66 years ago would be very proud of.”


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