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  6. Michaels Acquires Darice

M&A Deal Summary

Michaels Acquires Darice

On February 2, 2016, Michaels acquired distribution company Darice for 150M USD

Acquisition Highlights
  • This is Michaels’ 1st transaction in the Distribution sector.
  • This is Michaels’ largest (disclosed) transaction.
  • This is Michaels’ 1st transaction in the United States.
  • This is Michaels’ 1st transaction in Ohio.

M&A Deal Summary
Date 2016-02-02
Target Darice
Sector Distribution
Buyer(s) Michaels
Deal Type Add-on Acquisition
Deal Value 150M USD

Target

Darice

Strongsville, Ohio, United States
Darice is an international wholesale and retail distributor of arts and crafts.

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Buyer(S) 1

Buyer

Michaels

Irving, Texas, United States
Category Company
Founded 1983
Sector Retail
Employees44,000
Revenue 5.1B USD (2020)
DESCRIPTION
Michaels' corporate headquarters in Irving, Texas.
Michaels' corporate headquarters in Irving, Texas.

Michaels is a retailer of arts, crafts, framing, home decor and seasonal products for hobbyists and DIY decorators. Michaels was formed in 1983 and is based in Irving, Texas.

DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
Size (of disclosed) 1 of 1
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