Golden Peak Media ACQUIRES FINE ARTS & CRAFTS ASSETS OF F+W MEDIA
- Golden Peak Media has acquired more than 20 print and digital assets focused on quilting, knitting, sewing, sketching, painting and illustration
- New company will leverage long-term relationships with advanced enthusiast customers in the expanding “maker market”
- Key brands include The Quilting Company, Artists Magazine, Interweave.com and ArtistsNetwork.com, among others
- Golden Peak Media sees significant opportunities to scale through organic growth and acquisitions
NEW YORK, July 28 – Golden Peak Media LLC, an operating company backed by Macanta Investments LLC, has acquired the crafts and fine arts assets of F+W Media. As a result of the acquisition, Golden Peak Media becomes a significant publisher in the burgeoning upscale crafting and fine arts categories, serving the “maker” enthusiast marketplace in print and digital formats. The business is led by Greg Osberg, who became CEO of F+W Media in June, 2018.
“We have before us an opportunity to build Golden Peak Media into a leading publisher across the growing enthusiast market,” said Greg Osberg, CEO of Golden Peak Media. “Our titles, market positioning and communities are strong, and we will build upon this strong foundation by engaging our loyal customers in new and exciting ways.”
Golden Peak Media is backed by Macanta Investments, which was also an investor in F+W Media. “The opportunities in the special interest and enthusiast marketplace fit perfectly with the long tradition of editorial and publishing excellence inherent in these titles,” said Terry O’Toole, Golden Peak Media founder and principal of Macanta Investments. “We look forward to working with Greg and the Golden Peak Media team to grow a great company by bringing even greater value to the maker enthusiast marketplace.”
Golden Peak Media is headquartered in Ft. Collins, Colorado, with satellite offices in Golden, Colorado, and Cincinnati, Ohio.