Niles, IL (PRWEB) February 13, 2015
Fibre-Craft, the maker of Creative Hands® craft supplies and activity kits, the Springfield Collection® of dolls and accessories, and Bendastix TM bands and bracelets, announced today it has been acquired by Perpetual Capital Partners. Perpetual Capital Partners acquired the assets of the business and is providing additional capital to support the growth of Fibre-Craft going forward, as the company continues its long tradition of developing creative new products that incorporate the latest trends to appeal to children of all ages.
“Fibre-Craft has a rich history and is known for its quality and product innovation. Across all of Fibre-Craft’s brands we incorporate and are committed to providing our customers with fun, fashionable, and affordable products,” said Alan Friedman, Chief Operating Officer of Fibre-Craft. “We are excited to be working with Perpetual Capital Partners. With their support we are well positioned to meet the increasing demand for our products and to continue expanding our product lines and sales channels to effectively reach more customers.”
Duncan L. Evans, President of Perpetual Capital Partners, added “We are excited to have Fibre-Craft join our family of companies focused on long-term profitable growth. We look forward to building on Fibre-Craft’s 60-year history of innovation and quality to help the company expand its brands and product reach throughout the U.S. and internationally.”
Fibre-Craft has been a leader in the creative activities business for 60 years. Established in 1953, Fibre-Craft began by manufacturing wood fiber for handcrafting artificial flowers. In 1959 the award-winning company expanded to mass-market retail outlets for arts and crafts supplies, floral supplies, doll supplies and decorative accessories. Since then, Fibre-Craft has continued its high standards for quality and creativity while expanding the boundaries of children’s imagination through creative toys and arts and crafts. The company’s vision is to make a difference in the lives of children and its employees. For more information, visit http://www.fibrecraft.com.
About Perpetual Capital Partners
Perpetual Capital Partners is a private investment firm that invests in, acquires, owns and operates middle market companies. The firm is a long-term investor that employs a collaborative and proactive investment approach, providing capital, corporate and strategic resources to help companies create value and achieve long-term sustainable growth. The Perpetual Capital Partners team has extensive experience with private investing, acquisitions, transition management, corporate finance, strategic and capital planning, marketing, business development and accelerating corporate growth. Perpetual Capital Partners is based in greater Washington, DC. For more information, visit http://www.perpetualcapitalpartners.com.
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