MacPherson's completed the acquisition of FREDRIX from Tara Materials.

MacPherson's, a provider of art and creative materials and services, completed the acquisition of FREDRIX, a manufacturer of canvas products. Financial terms were not disclosed. "FREDRIX is an undisputed pioneer in providing premium canvas for all types of creative endeavors. We are extremely excited to add FREDRIX to our portfolio of world class exclusive brands, continuing our strategy to provide the best and broadest array of products to the industry. We look forward to continuing the brand's legacy as a leader in our industry while ensuring it continues to evolve to meet the demands of our customers – and most importantly their customers – for decades to come," Dave Schofield, MacPherson's President and CEO.