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Follow on Google News | Blick Art Materials Acquires Utrecht Art Supplies from Madison Parker Capital and Topspin PartnersBlick Art Materials, a multi-channel retailer with 39 locations, has purchased the stock of Utrecht Art Supplies, a 45-store multi-channel retailer. Both businesses are leading participants in the art supply industry.
Robert Buchsbaum, Chief Executive Officer of Blick Art Materials and leader of the newly-combined enterprise, spoke of the transaction "The acquisition of Utrecht gives us a tremendous, well-established brand and greater geographic reach for our brick and mortar channel. We are very excited to welcome Utrecht employees and customers to the Blick team." Madison Parker Capital Managing Partner Brent Brown stated that "this was a very successful outcome for both our investors as well as the employees of Utrecht who have worked hard for many years bringing top quality art supplies directly to artists in classrooms and working studios throughout the world. Artists who have come to depend on Utrecht will be in good hands as part of the Blick family going forward." About Blick Art Materials: Founded in Galesburg, IL, in 1911, Blick Art Materials (www.dickblick.com) About Utrecht Art Supplies: Utrecht Art Supplies was founded to give creative professionals the tools, materials and knowledge they need to make the next generation of great art. Their team of working professional artists has the practical knowledge and experience using a wide range of art materials and processes. Launched in 1949 as a canvas importer, today Utrecht Art Supplies serves an international customer base as a manufacturer and retailer. The company currently operates 45 retail locations, publishes an annual 'big-book' catalog (The Resource Guide) and maintains a web store (utrechtart.com) About Madison Parker Capital: Madison Parker Capital is a Menlo Park based boutique investment firm focused on partnership- End
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