ColArt Group, the world's leading supplier of artist's materials, has today acquired Letraset Ltd, for an undisclosed sum.
The acquisition sees the amalgamation of Letraset's market-leading range of art, craft and graphic marker-pens, such as FlexMarker, ProMarker and Tria Marker, into ColArt's portfolio of fine art brands including Winsor & Newton, Liquitex, Lefranc & Bourgeois and Conté à Paris.
The acquisition will enable ColArt Group to further develop the depth and breadth of Letraset's product range, strengthening ColArt's number one position in the global marketplace and reinforcing its reputation for supplying innovative products of quality.
Martin Gibbs, managing director of Letraset, commented: “Becoming part of such a well-respected worldwide group as ColArt will enable us to compete even more effectively on the world-stage. ColArt's established track-record and history of building and expanding brands, will help Letraset to see the realisation of other pioneering products for designers, illustrators and artists all over the world.”
Thomas Bräutigam, CEO, ColArt Group added: “Letraset is a great business, with market-leading products which enhance and complement our existing family of brands. Together we will be able to provide an even greater choice of quality products to our customers.”
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