Time Inc. (UK) Ltd., the publisher of print and digital magazine content, acquired International Craft & Hobby Fair Limited (ICHF), an events business specializing in trade and consumer events in the crafts arena.
The amount of the deal was not disclosed.
Established in 1976 by founders Maurice and Ruth Brown, ICHF Events is the UK market leader in the sector, running a program of 24 consumer and trade crafting shows held at major UK exhibition centres.
Simon Burns and Troy Bennett, joint managing directors of ICHF Events, will continue to run the business, working closely with Sandy Gale, publishing director at Time Inc. UK.
As part of Time Inc., which became an independent US public company in 2014, Time Inc. UK has invested expanding its brands, content and audiences into new revenue streams, through a combination of both organic investments and acquisitions.
During 2015, Time Inc. UK has acquired UK Cycling Events (UKCE), a UK provider of premium cycling events; invested in Snap Fashion, a visual search business specializing in fashion; announced a joint venture between Marie Claire and Speciality Stores, part of Ocado, to launch a beauty and well-being business; and through Horse & Hound, developed Equo, an online equestrian events entry system.