A Utah-based investor group called Lifestyle Crafts, LLC, has announced that it has entered into an agreement to buy the assets of QuicKutz, Inc.
Lifestyle Crafts, LLC. is a newly founded investor group described by the company as being made up of investors “with years of experience in manufacturing and distributing crafting goods and tools.” Its registered address is in Lindon, Utah. Principals of the company include Stephen Stewart TRUST of Farmington, UT; Daniel S. Stewart of Farmington, UT; and Hsin I. Shih of Taipei.
Both the QuicKutz and L brands will become part of Lifestyle Crafts under the terms of the asset purchase agreement. [Read more...]