Canvas Corp Acquires Tattered Angels
Canvas Corp announced this week that it has acquired Fort Collins, Colorado-based Tattered Angels, which is best known for its Glimmer Mist line of spray ink products.
This is the company's second acquisition in less than two months - Canvas Corp purchased 7 Gypsies in December 2011 from Ultra-Pro. They also purchased BagWorks, a fabric cut and sew company, in the summer of 2011. BagWorks offers canvas and burlap products that are produced in a facility in Springdale, Arkansas, where Canvas Corp is headquartered. That acquisition, Canvas Corp says, "allows us to offer a wider range of blank items."
Tattered Angels was founded in 2006 by Wendy Senger, who developed the company's signature "Glimmer Mist" in her kitchen. "Glimmer Mist" is a water-based dye ink in a spray dispenser that has been widely copied by other companies in the papercrafting market. Although the product was initially a huge success, the huge rise in competition for Glimmer Mist dampened the company's fortunes the past few years as the company has not been able to duplicate the success of Glimmer Mist's debut.
Springdale, Arkansas-based Canvas Corp was founded in 2006 by Randy and Christine Meier. The Meiers had previously founded DMD Industries in the mid-1990′s. (That company is now a property of ANW/Crestwood after being sold to them in February 2010 by the now bankrupt Westrim.) Canvas Corp sells products under the name Canvas Home Basics to the scrapbook, craft and home decor market. Although it produces popular patterned papers, the company is perhaps best known for creating products from materials besides paper: burlap, corrugated cardboard, and its namesake canvas. The company also purchased the popular 7 Gypsies brand in December.
Tattered Angels founder Wendy Senger will continue at the company as Tattered Angels' creative lead. Tattered Angels TV and the Tattered Angels education and design teams will also continue their work for the company. Operations for Tattered Angels will move from Fort Collins, Colorado to the office facilities of Canvas Corp in Springdale, Arkansas. Canvas Corp says that it intends to begin shipping Tattered Angels' CHA Winter 2012 releases from its Arkansas facilities the first full week February after a two week transition between facilities.
Tattered Angels founder Senger was upbeat about her company's future with Canvas Corp:
I am excited about joining forces with the Canvas Corp family. Having a huge support team and so many creative people to share ideas with has opened a whole new chapter of my Tattered Angels vision possibilities.Tattered Angels will become the amazing company I have always strived for. In my heart I know it will be amazing!
Randy Meier, co-founder of Canvas Corp, explained the reasoning behind the company's recent group of acquisitions:
We are in the business of creativity and the team of people and the collection of products that we have brought together is a great platform for the creativity to ignite.
