Crate Paper has been sold to American Crafts.
Here's a blurb from the email I received:
"American Crafts has acquired Crate Paper Inc. and we are thrilled and honored to have our CP brand at home with such an amazing company. American Crafts has created innovative and beautiful scrapbooking products since the early 1990s. The company has established itself as a leader in the industry by providing stylish, high-quality products and responsive customer service. We know that CP will be in good hands.
We had the opportunity to start Crate Paper in 2006 and have enjoyed the journey. Lisa will remain as creative director over the brand to guide new product development and maintain the brand's signature style. We have loved being part of your business and together with the American Crafts team we look forward to introducing even more spectacular CP lines to craft with!"