The DAK Group, 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 Artists 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.
. The DAK Group 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 The DAK Group.
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 artist’s, delivering exceptional artist brushes, the highest quality paper and a focus on providing outstanding customer service.