M&A Deal Summary

Premier Needle Arts Acquires Superior Threads

On April 1, 2016, Premier Needle Arts acquired apparel/textiles company Superior Threads

Acquisition Highlights
  • This is Premier Needle Arts’ 1st transaction in the Apparel/Textiles sector.
  • This is Premier Needle Arts’ 2nd transaction in the United States.
  • This is Premier Needle Arts’ 2nd transaction in Utah.

M&A Deal Summary
Date 2016-04-01
Target Superior Threads
Sector Apparel/Textiles
Buyer(s) Premier Needle Arts
Deal Type Add-on Acquisition

Target

Superior Threads

St. George, Utah, United States
Superior Threads is a manufacturer of threads, needles, notions, sewing, and quilting. Superior Threads was founded in 1998 and is based in St. George, Utah.

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Buyer(S) 1

Buyer

Premier Needle Arts

Vancouver, Washington, United States
Category Company
Founded 2014
Sector Apparel/Textiles
DESCRIPTION

Premier Needle Arts is a provider of quilting products to a global network of independent quilting stores, sewing retailers, quilting distributors and dealers, and consumers. Premier Needle Arts was founded in 2014 and is based in Vancouver, Washington.

DEAL STATS #
Overall 2 of 3
Sector (Apparel/Textiles) 1 of 2
Type (Add-on Acquisition) 2 of 3
State (Utah) 2 of 2
Country (United States) 2 of 3
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-19 Handi Quilter

North Salt Lake, Utah, United States

Handi Quilter develops and manufactures branded and OEM quilting machines, frames, tables, computerized quilting systems, and quilting accessories. The company's products are primarily used in the home by dedicated quilting enthusiasts as well as by quilters with home-based businesses. Handi Quilter was founded in 1998 and is based in North Salt Lake, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-27 Crafts Americana Group

Vancouver, Washington, United States

Crafts Americana Group, Inc. is a supplier of knitting, crochet, quilting, sewing, and other hobbyist products. Crafts Americana Group was founded in 1990 and is based in Vancouver, Washington.

Buy -
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