Blue Sky Fibers Sold to Malabrigo
Uruguay-based Malabrigo Yarns announced today that it has acquired Minnesota yarn company Blue Sky Fibers. Both are family businesses.
Ocean State Innovators Acquires Cloud9 Fabrics
Cloud9 Fabrics has been acquired by Ocean State Innovators, a company that previously acquired quilting fabric manufacturer P&B Textiles.
WeaveUp, the Digital Print-on-Demand Fabric Company, Acquired by JOANN
AccuQuilt, a Division of TekBrands, Acquired by Private Equity Firm WILsquare Capital
AccuQuilt, maker of the GO! cutting machines, has been acquired by a private equity firm. WILsquare Capital, a St. Louis-based firm, announced the acquisition of AccuQuilt’s parent company, TekBrands, late last week.
Berroco Acquired by Premier Needle Arts, Owner of KnitPicks and WeCrochet
Premier Needle Arts, a Blue Point Capital Partners portfolio company, announced today the acquisition of Berroco, Inc., a leading supplier of knitting and crochet yarns and patterns serving local yarn shops and ecommerce retailers.
Etsy to Acquire Resale Marketplace Depop
Etsy announced yesterday that it is acquiring resale marketplace, Depop, for $1.6 million. We look at why they made this acquisition and what it might mean for sellers.
WEBS Acquired by LoveCrafts
Kathy and Steve Elkins, owners of WEBS, announced today that they’ve sold the business to LoveCrafts, a UK-based venture-funded startup.
Kollage Square Needles Finds a New Home, and Shared Mission, at Career Services
Kollage Square Needles has been acquired by Career Services, a Canadian social services agency that provides job training for disabled adults.
Michaels to Close Darice By the End of November
Michaels will be closing Darice, its wholesale division, by November 30, 2020. Michaels acquired Darice as part of the Lamrite West acquisition in 2016 along with Pat Catan stores.
Tacony Corporation Has Sold Nancy’s Notions to Missouri Star
Tacony Corporation announced today that it has sold Nancy’s Notions to Missouri Star Quilt Company.