Business Description
Premier Needle Arts (PNA) is a leading provider of quilting products to a global network of independent quilting stores, sewing retailers, quilting distributors and dealers, and consumers. Premier Needle Arts is headquartered in North Salt Lake, UT, and has been serving the needs of domestic and international quilters for over a decade. Under the Premier Needle Arts holding company, the company operates Handi Quilter, Superior Threads, Quilt-Pro Systems and Crafts Americana Group. Handi Quilter markets both branded and private label longarm quilting machines, and produces quilting tables and frames as well as quilting accessories, such as replacement parts, scissors, rulers, templates and patterns. Superior Threads is a leading supplier of premium threads used in quilting and sewing. Quilt-Pro Systems offers quilting software and downloadable fabric graphics. Crafts Americana Group is a leading supplier of consumable products used in various enthusiast markets, including knitting, quilting and decorative painting.
Post-Transaction
Premier Needle Arts is leveraging Blue Point’s Global Supply Chain resources to improve sourcing and supply chain management to increase margins and reduce working capital. Premier Needle Arts is identifying complementary products and opportunities to expand into new hobbyist end-markets.
Add-On Acquisition Criteria
Premier Needle Arts is interested in leveraging its distribution network and brand name to acquire and grow smaller niche companies serving the quilting or wider fiber arts industry.
- In April 2016, Premier Needle Arts acquired the assets of Superior Threads.
- In December 2016, Premier Needle Arts acquired the assets of Quilt Pro Systems.
- In February 2017, Premier Needle Arts acquired the assets of Crafts Americana Group.
- In October 2021, Premier Needle Arts acquired the assets of Berroco.