Spin Master Ltd. Acquires Key Brands from Wild Planet
PR Newswire
TORONTO, Nov. 26, 2012
Popular Brands Include Spy Gear & Hyper Dash
TORONTO, Nov. 26, 2012 /PRNewswire/ – Spin Master Ltd. one of the world’s most
innovative children’s toy and entertainment companies is pleased to
announce the acquisition of the worldwide rights to Wild Planet’s Hyper
Dash and Spy Gear brands. Intrepid Investment Bankers LLC acted as
exclusive financial advisor to Wild Planet in connection with this
transaction.
“We are very excited with the acquisition of Spy Gear and other key Wild
Planet assets,” states Anton Rabie, Co-CEO and Founder of Spin Master
Ltd. “We feel that there is great opportunity to breathe freshness,
excitement and engage kids for these new Spin Master brands. Over the
last two years we have been extremely focused on building the company
by searching for the right acquisitions that fit with our core
capabilities to innovate and market.”
Spin Master Ltd. is energized about the opportunity to reinvent and
bring a fresh approach to these exciting brands. Spy Gear and Hyper
Dash all have proven track records and will provide new and sustainable
growth for the company.
“Spin Master has experienced incredible organic growth over the past 18
years,” says President and COO, Ben Gadbois. “We are taking the next
step in our company’s evolution with focus on growth by targeting the
right acquisitions. We anticipate today’s announcement will be the
first of many new business opportunities over the next 24 months.”
About Spin Master Ltd.
A multi-category children’s entertainment company since 1994, Spin
Master has been designing, developing, manufacturing and marketing
consumer products for children around the world and is recognized as a
global growth leader within the toy industry. Spin Master is best known
for such popular brands as boy’s action phenomena and 2009-2010 Boys
Toy of the Year winner Bakugan Battle Brawlers™, and award-winning
brands Air Hogs, Appfinity™, Aquadoodle™, La Dee Da™, Nano Speed™,
Spin Master Games™, Tech Deck™, and Zoobles™. The company has also
marked an entry into children’s media with the launch of Spin Master
Entertainment, a subsidiary focusing on the design, development and
production of television and other media properties. Spin Master
employs over 900 people with offices in Toronto, Los Angeles, London,
Paris, Hong Kong, Mexico, Munich, Italy, Spain and central Europe. For
additional information please visit: www.spinmaster.com.
SOURCE Spin Master Ltd.
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