A.T. Cross Company is preparing to cut loose its 257-year Cross pen business, which has been overshadowing double-digit growth of its Native and Costa eyewear business.


The Rhode Island company said Monday it is exploring strategic alternatives for its Cross Accessory Division, which makes the once iconic Cross pens and other fine writing instruments and related products.

 

“We constantly look for ways to build shareholder value,” said David G. Whalen, president and CEO of A.T. Cross said. “At this point in our history, we think it is important to fully understand the different ways that the Cross brand can help us achieve that goal.”

A.T. Cross has engaged C.W. Downer & Co. to assist in its evaluation.


A.T. Cross has not made a decision to pursue any specific transaction or any other strategic alternative, and there is no set timetable for the strategic review process.