South Tyneside crafting company Katy Sue has acquired one of its largest competitors in a significant international expansion.
The company, which is implementing a buy and build strategy to consolidate the fragmented craft market, has completed the acquisition of Austrian mould manufacturer Alphabet Moulds.
Having grown rapidly by acquisition over the past four years, Katy Sue, headed by founder Sue Balfour, has acquired Acrylic Crafts, a maker of laser cut craft supplies, paper craft experts Craft Creations and last year completed the acquisition of paper quilling experts JJ Quilling.
