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Jeff Tulman — who consulted for debt and equity holders of non-performing real estate assets — had seen in his years countless businesses in various states of decline. In 2015, when he saw Pairpoint, a glass company in his home state of Massachusetts, he saw a failure that resonated in the best possible way. Pairpoint showed potential — a team of skilled craftsmen, a fascinating backstory and a historic catalogue of incredible products.
Originally founded in 1837 as the Mount Washington Glass company, Pairpoint is the oldest operating glass company in the United States. Over the years, Pairpoint has produced an array of luxury glassware, and historic pieces are now sold at auction houses and housed at museums (notably the Metropolitan Museum of Art in New York City and the Museum of Fine Arts in Boston). Pairpoint has done pieces for presidential families (Kennedy and Bush), and they work with interior designers for the Four Seasons and the Ritz-Carlton. They produce table lamps and chandeliers for high-end homes and yachts.
The company went on the decline in the latter half of the 20th century, when the then owner of Pairpoint wanted to make the glassware accessible to a wider audience by producing less expensive products. This inadvertently created new competition for Pairpoint in the form of producers in China that used machines, as opposed to artisans, to craft glassware. In order to stay competitive in the marketplace, Pairpoint had to sell their products below cost, a business plan that eventually drove the company into the ground.
Tulman, along with his brother Gary, acquired Pairpoint in 2015 and immediately got to work revitalizing the company. As part of regaining financial stability, Pairpoint looked to refresh its catalogue. Though the Tulmans did not want to alienate current clients or occasional buyers (who dabble in hand-blown Christmas ornaments), they took pride in the brand’s historical standing and started to reintroduce Pairpoint back to collectors and luxury glass buyers. To do this, they followed a simple process: look to the archives, take design elements that are true to the brand, aim to integrate those elements in products that fulfill modern tastes, and then allow the craftsmen’s creativity to shine through in the work.
“Gary and I aren’t designers, we just assemble teams,” says Tulman. “We just put together the overall excitement to make everyone want to produce these things.” There is an open dialogue between the employees at Pairpoint. The management and the craftsmen (glassblowers, glassmaker, glass etcher) talk as a team in the product-development stage, as they naturally should — these men are the brain trust, with well over a century of combined years working at Pairpoint. Master Glassblower Guy Maxwell has been working at Pairpoint for 38 years. Iain Ross, another master glassblower, has been working with the company for 26 years. He followed in the footsteps of his father, who was also a glassblower at Pairpoint.
These men are the brain trust, with well over a century of combined years working at Pairpoint. Master Glassblower Guy Maxwell has been working at Pairpoint for 38 years.