F+W Media Announces Acquisition of Interweave solidifying the Company’s place as Leading Art and Craft Content Producer
F+W Media, Inc. Chairman & CEO David Nussbaum announced the acquisition of Aspire Media LLC, parent company of Interweave (www.Interweave.com), from private equity firms Frontenac Company, Catalyst Investors, Clay Hall, and several members of the Interweave management team. Terms of the deal were not disclosed. Walter Florence, Frontenac Company Managing Director has joined the F+W Media Board of Directors, concurrent with the acquisition.
Interweave is a leading multiplatform print and digital art and craft enthusiast media company founded in 1975 and acquired by Aspire in 2005. Interweave owns and operates 15 consumer art and craft magazines; more than 30 special newsstand publications; 350 craft books; 33 websites; 10 online communities; 10 e-commerce stores; 11 consumer events; video workshops.
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