Sea Bags buys Portland jeweler to expand brand
PHOTO / COURTESY OF SEA BAGS
A view of Sea Bags' Chatham, Mass. store.
Portland-based Sea Bags, which makes a line of totes and accessories from recycled sailcloth, announced Monday that it has purchased Portland nautical map jeweler CHART metalworks.
The Bangor Daily News reported that Sea Bags purchased a majority stake in the jeweler for an undisclosed sum.
Don Oakes, chief executive officer at Sea Bags, told the newspaper that the purchase “enables us to further our goal of building a nautical lifestyle brand.”
Charlotte Guptill, co-founder of CHART metalworks, and her husband, John, will continue to be involved in their company’s day-to-day operations, which will remain on Portland’s Pleasant Street.
“The deal makes it possible to further collaborate in product design and retail, and take CHART metalworks to the next level,” Guptill said in a prepared statement.
Sea Bags announced in May it was opening two new stores in Massachusetts, in Rockport and Chatham, adding to its existing stores in Portland, Freeport and Cape May, N.J.
Founded in 1999, Sea Bags makes a variety of tote bags, duffel bags, messenger bags and other items fashioned from old sails. Beth Shissler, the company's co-owner, was named a Mainebiz Woman to Watch in 2011.
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