DAK Announces a Fine Art Deal with the Sale of Princeton Artist Brush Co.™ to Pacon Corporation
Rochelle Park, NJ– DAK, a leading investment bank specializing in middle-market mergers and acquisitions worldwide, announces the sale of its client Princeton Artist Brush Co. to Pacon Corporation.
Princeton Artist Brush Co. is the number one supplier of fine art brushes in North America, the New Jersey-based company manufactures and distributes worldwide. Princeton Artist Brush will remain in New Jersey under the oversight of its founder, Howard Kaufman.
DAK served as the exclusive investment banker and financial advisor to Princeton Artist Brush Co. managing the divestiture process.
“Princeton Artist Brush has built an exceptional market-leading business, this transaction allows its ownership; to monetize its life’s work, while gaining a strategic partner which will accelerate the company’s leadership position.” stated Alan Scharfstein, President of DAK.
Pacon Corporation is the parent company of Strathmore Artist Papers, a supplier of fine papers to the artist community for over 125 years. Together these companies will create a premier experience for artists, delivering exceptional artist brushes, the highest quality paper and a focus on providing outstanding customer service.
About Pacon Corporation
Pacon provides a wide range of educational aids, paper products, and art and craft materials. Since 1951, teachers, students, parents, and artists have relied on Pacon products to help them teach, learn, and create.
Strathmore Artist Papers™, one of the businesses of Pacon Corporation headquartered in Appleton, Wisconsin. Strathmore provides artists of all levels with the ideal surface for producing beautiful works of art.
About Princeton Artist Brush Co.™
More than 25 years ago, Howard Kaufman began a small brush business in the basement of his home in Princeton, New Jersey. Previously the president of one of the world’s largest art supply manufacturers, Howard gained a vast knowledge of brush-making and an understanding of the needs and desires of artists. He believed that by focusing on innovation, value, and the best service, he would always have an appreciative audience for his products.
DAK is a leading investment bank serving mid-market privately held businesses in the areas of mergers and acquisitions, business sale, financial restructuring, bankruptcy, capital advisory, valuations and fairness opinions. Since 1984, DAK has executed hundreds of transactions across a wide range of industries. The DAK Value Accelerator is the propriety process that allows clients to maximize the value of their business. DAK is headquartered in Rochelle Park, NJ with an office in Philadelphia.