Spin Master Acquires Key Brands from Wild Planet
Spin Master Ltd. Acquires Key Brands from Wild Planet
Popular Brands Include Spy Gear & Hyper Dash
TORONTO, Nov. 26, 2012 - 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: http://www.spinmaster.com.