Yarn Industry News Update: January 2020

Catch up on what’s happening in the yarn industry including increased fragmentation, boycott lists, ‘craft dabbling’ and fundraisers for Australia in our latest yarn industry news update from Stacey Trock.

Timeless Treasures Acquires Marcus Fabrics

Timeless Treasures, the manufacturer of quilting cotton, has acquired Marcus Fabrics. Both companies are located in New York City. The financial details of the deal were not disclosed.

F+W Sells Keepsake Quilting to Steelcity

F+W has sold Keepsake Quilting, the quilt shop and catalog business, to Steelcity LLC, the parent company of Swatchcraft and Pineapple Fabrics. The sale was announced this week. The Keepsake Quilting shop is located in Center Harbor, New Hampshire and the catalog business has its headquarters eight miles away in Moltonborough.

A look Inside the WEBS Acquisition of Tahki Stacy Charles

Stacy Charles has a close relationship with Kathy and Steve Elkins, the owners of the Massachusetts yarn store WEBS, so when it came time to look at a new business model for his yarn company, Tahki Stacy Charles, he knew exactly who to approach. Lisa Chamoff talks with the leadership at both companies to get the inside story on this acquisition.

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