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The sale included Joann’s intellectual property, as well as its private label brands, like Big Twist yarn. The announcement noted that searches for “fabric” on Michaels.com have skyrocketed ...

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(CNN) – Michaels is jumping into the void left by the collapse of Joann Fabrics. Michaels announced it is buying the fabric retailer’s private label and drastically expanding its sewing selection.

In a release, Michaels said it had completed its "acquisition of the intellectual property and private label brands" once sold by Joann Fabrics, which shuttered its last store on May 31.

Shoppers will also begin to see products from Joann’s fan-favorite “big twist” yarn and fabric private label. Michaels also bought Joann’s intellectual property, including its name.