An equity investment by a major shareholder will help Colibri's growth strategy come to fruition, according to a company announcement last Thursday. Colibri designs and manufactures fine cigar lighters and accessories.
"The equity investment made by our firm, Founders Equity, confirms its continuing commitment to Colibri's business, its multiple product lines, and positions the business to maximize the use of Coibri's diverse distribution channels and better serve the consumer," said Warren Haber, Founders managing partner and chairman of Colibri.
Colibri also has appointed CEO Jim Fleet to the company's board of directors.
In late 2007, the company relocated its operations, consolidating itself into a more efficient facility in East Providence, Rhode Island. The move was officially completed in early 2008.