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. [Read more...]