 Wallace Silversmiths remained a subsidiary of the Hamilton Watch Company (Hamilton Watch sold Wallace Stainless Division to Vose Associates in 1963 or 1964) until 1983 when the then 150-year-old company was sold to Katy Industries of Elgin, Illinois.In 1986, Syratech Corporation, which also owned Towle Silversmiths, acquired Wallace Silversmiths from Katy Industries.On April 1, 1987, Wallace Silversmiths' corporate headquarters was moved from Connecticut to East Boston, MA.