Specialist Crafts completes strategic acquisition

Release date: 28/5/2010

Leicester-based art and design supplier Specialist Crafts Ltd has strengthened and expanded its portfolio with the strategic acquisition of on-line competitor Crafty Computer Paper. Both brands will now continue to trade under their existing names and through their own websites.

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 and a dedicated Facebook page."

The deal, which included the acquisition of all of Crafty Computer Paper's intellectual property rights and its existing on-line infrastructure, was overseen by specialist Harvey Ingram corporate lawyer Rosie Prabhakar.

She says: "The acquisition was tied up very quickly and smoothly with no disruption to the on-going operation of Specialist Crafts. I am delighted to see the company expanding and look forward to seeing the business grow even further."