The private shareholder of The Chenille Kraft Company has sold it to Pacon Corporation for an undisclosed consideration.
The Chenille Kraft Company creates, sources, develops and markets educational learning products, crafts and art supplies. Over the last 80 years, the company has become a major national and international distributor. The Chenille Kraft Company develops and markets over 1,300 products including 30 to 50 new items each year.
Pacon Corporation provides a wide range of educational aids, paper products, and art and craft materials. Since 1951, teachers have relied on their products to help them create stimulating learning environments for their students. From handwriting papers to stylish classroom décor, the company is committed to offering innovative products to enable and inspire teachers and students.
Oaklins' team in Chicago identified buyers, managed negotiations, deal analysis and structuring, and supported the due diligence process.
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