Pat Catan’s Craft Center in Amherst has been bought as part of a $150 million deal.
Texas-based craft retail giant Michael’s announced Tuesday that it has purchased all 34 Pat Catan’s stores in Ohio, Pennsylvania, West Virginia, Indiana, and Michigan.
The news is big for our region because of Pat Catan’s strong ties to Northeast Ohio. The company was founded as Lamrite in 1954 in Cleveland.
World War II veteran Pat Catanzarite made displays and props for other companies. His interests in making toys and jewelry led him to open his first craft supplies store on East 131st Street and Miles Avenue with the name Lamrite.
For decades, Pat Catan’s has remained family-owned and operated.
And it’s grown. Last year, the company opened 49,000-square-foot stores in Austintown and Oregon, Ohio. Just this month, it opened a new 33,000-square-foot store in Delaware, Ohio.
Michael Catanzarite, who has carried on his father’s legacy of CEO of Lamrite West, will continue to operate Pat Catan’s as “a distinct business within Michaels” from its headquarters in Strongsville, Ohio, according to a release on the acquisition. He will also serve on Michaels executive committee.
“I have long admired the Michaels team, and with the full weight of Michaels resources, I know that our employees and customers will realize tangible benefits from this combination,” he said.
The Michaels Companies is the largest arts and crafts retailer in North America, with nearly 1,200 stores in the U.S. and Canada.
Jason Hawk | Amherst News-Times Pat Catan’s, seen here in Amherst, has been purchased by Michael’s but will continue to operate under its own distinct arm of the company.