JAKKS Pacific Announces Acquisition of Maui Toys
JAKKS adds popular Wave Hoop(R), Sky Ball(TM) and other toys to enhance portfolio
MALIBU, Calif., Jul 26, 2012 -- JAKKS Pacific, Inc. announced today that it has acquired Ohio-based Maui, Inc. ("Maui"), a manufacturer and distributor of spring and summer activity toys, outdoor sports related toys, impulse toys including the popular Wave Hoop(R) and Sky Ball(TM) products under the Maui Toys brand.
JAKKS Pacific has acquired all of the shares of stock of Maui, a 24-year-old, privately held company, and its Hong Kong based affiliate A.S. Design Limited. The business is comprised of proprietary non-licensed brands that are complementary to JAKKS Pacific's wide-ranging product portfolio.