San Francisco, CA (PRWEB) November 08, 2011
The acquisition of Blue Moon Beads allows DCWV to diversify its product offering and expand into a third design-driven product segment, alongside paper crafting and home décor. Mike Hill, CEO of DCWV, said, “We see this acquisition as a natural progression for the company as it further solidifies our position as an industry leader in design and innovation.” Mike added, “The acquisition underscores our commitment to diversifying our product offerings while maintaining the highest level of standards with regard to quality, functionality and aesthetics.”
“The Blue Moon acquisition shows DCWV’s commitment to leadership in the crafts industry,” commented Neil Tuch, Managing Director of H.I.G. Capital. “We looked past the parent company’s troubled balance sheet and found a company with innovative products, important customer relationships, a recognized brand, and strong, creative employees.”
H.I.G. Capital (http://www.higcapital.com) is a leading global private equity investment firm based in Miami. The firm has more than $8.5 billion of capital under management. H.I.G. specializes in providing capital to small and medium sized businesses and has offices in Atlanta, Boston, New York and San Francisco, as well as Hamburg, London and Paris in Europe.
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