JAKKS Pacific Completes Acquisition of Moose Mountain Toymakers - MarketWatch (press release)
MALIBU, Calif., Oct 17, 2011 (BUSINESS WIRE) -- JAKKS Pacific, Inc. /quotes/zigman/61165/quotes/nls/jakk JAKK +1.32% announced today that it has completed the acquisition of Hong Kong-based Moose Mountain Toymakers Limited ("Moose Mountain"), a leader in the sale and manufacture of foot to floor ride-ons, wagons, tents, safe soft play environments, arcade pinball games and sports arcade products.
JAKKS Pacific acquired all of the shares of stock of Moose Mountain, a 15-year-old, privately held company and its Parsippany, NJ-based affiliate, Moose Mountain Marketing, Inc. The business includes licenses for well-known characters and brands, including Disney, Fisher-Price, Sesame Street, Thomas & Friends, Kawasaki, Nickelodeon and Hasbro, and its children's product lines are complementary to JAKKS Pacific's wide-ranging product portfolio.
Stephen Berman, JAKKS Pacific's President and CEO, stated, "We believe that Moose Mountain and its roster of evergreen licenses and broad array of product lines, coupled with its stellar management team, will be a strong addition to JAKKS' portfolio of brands across multiple product categories."
"We could not be more thrilled to join the JAKKS family of brands," said Ron Lokos, President, Moose Mountain. "We believe that the Moose Mountain business will be a great addition to JAKKS' overall product line and contribute to the Company's long-term growth."
For more info on Moose Mountain Toymakers(R), please visit http://www.moosemountaintoys.com/
About JAKKS Pacific, Inc.
JAKKS Pacific, Inc. /quotes/zigman/61165/quotes/nls/jakk JAKK +1.32% is a leading designer and marketer of toys and consumer products, with a wide range of products that feature some of the most popular brands and children's toy licenses in the world. JAKKS' diverse portfolio includes Action Figures, Electronics, Dolls, Dress-Up, Role Play, Halloween Costumes, Kids Furniture, Vehicles, Plush, Art Activity Kits, Seasonal Products, Infant/Pre-School, Construction Toys and Pet Toys sold under various proprietary brands including JAKKS Pacific(R), Creative Designs International(TM), Road Champs(R), Funnoodle(R), JAKKS Pets(TM), Plug It In & Play TV Games(TM), Kids Only!(TM), Tollytots(R) and Disguise(TM). JAKKS is an award-winning licensee of several hundred nationally and internationally known trademarks including Nickelodeon(R), Warner Bros.(R), Ultimate Fighting Championship(R), Hello Kitty(R), Graco(R), Cabbage Patch Kids(R) and Pokemon(R). www.jakks.com
This press release may contain forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations, estimates and projections about JAKKS Pacific's business based partly on assumptions made by its management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such statements due to numerous factors, including, but not limited to, those described above, changes in demand for JAKKS' products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing, and difficulties with integrating acquired businesses. The forward-looking statements contained herein speak only as of the date on which they are made, and JAKKS undertakes no obligation to update any of them to reflect events or circumstances after the date of this release. (C) 2011 JAKKS Pacific, Inc. All rights reserved.
SOURCE: JAKKS Pacific, Inc.
JAKKS Pacific, Inc. Joel Bennett 310-455-6210 joelb@jakks.net or JAKKS Pacific, Inc. Anne-Marie Feliciano 310-455-6245 anne-marief@jakks.net
Copyright Business Wire 2011
Volume: 205,908
Oct. 14, 2011 4:00p
Volume: 205,908
Oct. 14, 2011 4:00p
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Source: http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGU8ILKMpgdupH-i_8ueBs222Qucg&url=http://www.marketwatch.com/story/jakks-pacific-completes-acquisition-of-moose-mountain-toymakers-2011-10-17
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