Graham Holdings Company Acquires Framebridge, Inc.
May 15 2020 - 8:34AM
Business Wire
Graham Holdings Company (NYSE:GHC) today announced it has
acquired Framebridge, Inc., a custom framing service company. The
purchase price was not disclosed.
"We are excited to have Framebridge become a part of GHC. We
believe Framebridge can become the industry leader in custom
framing, as its model of lower prices, faster service and great
quality is a trifecta that is hard to beat. Susan (Tynan) and the
team have re-invented the category and we’re excited to provide a
home for Framebridge to grow,” said Timothy J. O’Shaughnessy, chief
executive officer of Graham Holdings Company.
Graham Holdings Company previously disclosed a minority
investment interest in Framebridge, and Mr. O’Shaughnessy served as
chairman of the board.
Susan Tynan, founder and chief executive officer of Framebridge,
Inc., said, “We are thrilled to have the confidence of Graham
Holdings Company to take our business to the next level. Their
long-term orientation aligns with our vision and affords us
strategic clarity in shaping the future of Framebridge. The team
and I are looking forward to continuing to build our platform under
the Graham Holdings umbrella.”
Framebridge is headquartered in Washington, DC, and has two
retail locations in the greater metropolitan area, in addition to a
manufacturing facility in Richmond, KY.
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version on businesswire.com: https://www.businesswire.com/news/home/20200515005260/en/
Pinkie Mayfield Pinkie.Mayfield@ghco.com (703) 345-6450
Graham (NYSE:GHC)
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