Who Owns Cricut Company?

Cricut is a company that manufactures cutting machines and tools for use in creative projects. The company was founded in 2003 and is based in Provo, Utah.

The company markets its products to both the consumer market and commercial businesses. Cricut’s products are used by crafters, hobbyists, quilters, scrapbookers, educators, and other users for creating designs on paper, fabric, vinyl, and other materials.

Cricut has become one of the leading manufacturers of cutting machines for a variety of applications. The company produces both electronic and manual cutting machines that can be used for paper crafting projects or to cut shapes from fabric or vinyl.

The company’s products also include tools such as adhesive sheets and pens for adding decorative details to projects. Cricut also sells software programs that allow users to create their own designs or import existing designs from third-party sources.

Cricut is currently owned by Cambridge Industries Group (CIG). CIG is a private equity firm that specializes in making investments in companies with strong growth potential.

CIG has been involved with Cricut since 2014 when it acquired the majority stake in the company from its previous owners. Since then, CIG has supported Cricut’s growth into one of the leading providers of cutting machines and tools for creative projects.

CIG works closely with the management team at Cricut to ensure that the company continues to innovate and remain competitive in the marketplace. This partnership has enabled Cricut to develop new products such as its line of digital die-cutting machines as well as expand its reach into new markets around the world.

In conclusion, Cambridge Industries Group (CIG) is the current owner of Cricut Company. Founded in 2003 and based out of Provo Utah, this private equity firm has been partnering with Cricut since 2014 when they acquired a majority stake in the company from its previous owners. This strategic partnership has enabled Cricut to grow into one of the leading manufacturers of cutting machines for creative projects around world today.