Crafty acquisition of online firm
Who?
Specialist Crafts, the Leicester-based art and design supplier.
Did what?
Has expanded its portfolio with the strategic acquisition of online business Crafty Computer Paper.
What does this mean?
Specialist Crafts has acquired its former competitor for an undisclosed fee; both companies will continue trading under their existing names.
Who advised?
Harvey Ingram LLP, the law firm with offices in Leicester and Birmingham, advised on the deal.
Insider comment:
The deal included the acquisition of all of Crafty Computer Paper’s intellectual property rights and its online infrastructure. Specialist Crafts’ director Nick Beavon says: “I am delighted to complete the acquisition of Crafty Computer Paper. It’s an extremely good fit for us thanks to its niche offering of inkjet papers, stickers and fabrics, which has seen it develop a well-established customer base.”
