How much were Melissa and Doug sold for?
Spin Master or the Company) (TSX: TOY), a leading global children’s entertainment company, today announced it has completed its previously announced acquisition of U. S. Melissa & Doug, a well-recognized and trusted brand in early childhood play, for $950 million. In a big start to the new year, Spin Master has fully completed its acquisition of U. S. Melissa & Doug for $950 million. The move was first announced in October. Melissa & Doug has been a longstanding name in the toy industry known for its sustainable wooden toys.
Who bought Melissa and Doug?
Spin Master has completed its acquisition of Melissa & Doug, a company that focuses on early childhood play through its sustainable wooden toys. Created 60 years ago, Orbeez is one of the better known brands. But only in recent years were they marketed as “sensory toys” or developmental tools for children.At the end of 2019, Spin Master completed the acquisition of the award-winning Orbeez brand from Maya Toys, complementing its growing Activities segment.