JLA Home acquires framed art company
HTT Staff -- Home Textiles Today, 2/29/2012 12:25:31 PM
Fremont, Calif. - JLA Home has completed a 100% stock purchase of Artboxx, Inc., a supplier of commercial framed art.
The acquisition includes Artboxx's two divisions, Intercontinental Art, a supplier of finished wall décor, and Art In Motion, a fine art publisher and art licensor selling in more than 70 countries around the globe.
The Artboxx business will operate as a wholly owned division of JLA Home, the company announced in a press release.
"With strong home furnishings global branding coordinated across multiple divisions, framed art is a natural expansion of the JLA business model," said Edmund Jin, ceo, JLA Home.
He added: "Artboxx, Inc. is a leading supplier of framed art with virtually the same client base as JLA. The two companies fit neatly together with little overlap and much to gain from the synergies. There is a tremendous amount of talent within Artboxx that we will preserve and grow."
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