CHA Member Colorbök announces changes and partnership with Lazear Capital Partners. See the entire release below.
FOR IMMEDIATE RELEASE:
Colorbok, Inc. Announces New Partnership with Lazear Capital Partners, Ltd.
Ann Arbor, Michigan/USA
March 5, 2012-03-04
Ann Arbor based Colorbök, Inc., a nationally prominent creator and distributor of scrapbooking items, kids’ crafts and other related products, announces their new partnership with Lazear Capital Partners, Ltd., a Columbus, Ohio merchant banking firm. Lazear Capital partnered with key management in the purchase of assets of Colorbök, Inc.
Established in 1984, Colorbök, Inc. has built its success on entering into diverse product categories with licensed brands and has become a leading supplier, marketer and distributor in the craft and hobby industry over the last two decades.
“I am pleased to be entering into this relationship with Lazear Capital Partners. We see this as a significant investment in the future of Colorbök and the Crafting Industry. With Lazear Capital’s expertise and Colorbök’s strong management team we believe we are poised for rapid growth in our industry,” stated Colorbök CEO Chuck McGonigle.
As part of the corporate restructuring Colorbök, Inc. will become a new entity known as Colorbök, LLC. The new ownership and management will consist of Colorbök’s current executive team and Lazear Capital Partners.
110 Parkland Plaza
Ann Arbor, MI 48103