55.5 F
Fort Worth
Friday, November 27, 2020
Business Fort Worth yarn maker acquired by Jimmy Beans Wool

Fort Worth yarn maker acquired by Jimmy Beans Wool

Other News

Pandemic hammers small businesses vital to economic recovery

EDITOR'S NOTE — Small businesses around the world are fighting for survival amid the economic fallout from the coronavirus pandemic. Whether they make it...

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Jimmy Beans, a market leading retailer of yarn and accessories for knitters and makers, has reached a acquire Fort Worth-based Madelinetosh, the largest hand-dyed yarn producer in the United States, the company said in a news release.

Currently, Madelinetosh yarn is sold in independently owned yarn and craft stores around the world.

The release said this is Jimmy Beans’ largest acquisition, adding a major yarn brand to its roster of companies. Jimmy Beans previously acquired two popular bag and accessories companies, Namaste in 2018 and della Q in 2019.

Madelinetosh Co. was founded in 2006 an Etsy shop and has since grown into an international wholesale distributor to independent craft stores around the world, the Madelinetosh website said.

Jimmy Beans was founded at the downturn of the dotcom boom by former Silicon Valley engineers Laura and Doug Zander who opened a tiny yarn shop in Truckee, California, the company said on its website.

“Jimmy, as Laura is lovingly known, sold coffee alongside the wool (hence the Beans in the name) and Jimmy Beans Wool was born,” the company said.

In 2004, the company moved to Reno, Nevada, where it has a 20,000 square foot warehouse.

The Zanders and Amy Hendrix and John Ballard of Madelinetosh Co. have been friends for years.

“Along with being great friends and carrying their yarn for years, we’ve marveled from afar at what Amy and John have created: from the humble beginnings of dyeing yarn in their home to becoming an international wholesale distributor,” the Jimmy Beans website said.

“Yarn is such an important part of Jimmy Beans’ DNA and with the addition of Madelinetosh, it feels like a match made in yarn heaven,” Laura Zander said in the news release.

“We’ve been carrying Madelinetosh for years and to see what Amy and John have created is remarkable. Their eye for color and ability to take dyeing from their kitchen to becoming the largest hand-dyer in the country is just incredible. We hope that we can continue their legacy, while adding our customer service and marketing touch to the brand,” she said.

The announcement said that for now, the Madelinetosh headquarters and team will remain in Fort Worth with additional operational and sales support coming from Jimmy Beans headquarters in Reno.

www.JimmyBeansWool.com

www.Madelinetosh.com

– FWBP Staff


close






Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.

Latest News

Several local Walmart Supercenters remodeled in time for holidays

Fort Worth and Arlington residents will soon get a first look at the newly remodeled Walmart Supercenters at 9500 Clifford Street, 8401 Anderson St....

Retail trade group sees solid holiday sales despite pandemic

By ANNE D'INNOCENZIO AP Retail Writer NEW YORK (AP) — The National Retail Federation, the nation's largest retail trade group, expects that holiday sales could...

Grapevine company acquires San Antonio family business

Grapevine-based Able Machinery Movers, a heavy machinery-moving and rigging company, announced Nov. 24 the acquisition of Diamond E Rigging, a family-owned rigging and heavy equipment relocation business...

Arlington firm designing new hotel in Las Colinas

Arlington-based Type Six Design & Development has announced the firm has received zoning approval from the City of Irving for a new six-story Hotel...

New ownership at WineHaus

WineHaus Fort Worth announced a change in ownership and updates to the popular wine bar located at 1628 Park Place Ave. New owners Robyn Davis...