Spin Master Expands Games Portfolio with Editrice Giochi Purchase
Toronto (ots/PRNewswire)
Spin Master Corp., ("Spin Master") (TSX: TOY) - a leading global children's entertainment company - has announced today that it has entered into an agreement to purchase the library of board games owned by Editrice Giochi SRL, one of the oldest privately-held toy game companies in Italy. The sale includes the historic Editrice Giochi brand, which has stood for quality game product in the Italian market for more than 70 years.
The strategic acquisition enables Spin Master to expand its award-winning selection of games and licensed products in the Italian market with such well-known games as Risiko, Italy's most popular strategic game, and Scarabeo, the leading word game in Italy.
"Editrice Giochi is a recognized leader in games and Spin Master looks forward to building upon this legacy in the years to come," said Ben Gadbois, Global President and COO, Spin Master Ltd. "We are proud that our reputation as a trusted partner has allowed us to add a well-respected company like Editrice Giochi to the Spin Master family."
With a rich legacy in the games category, the Editrice Giochi brand compliments Spin Master's recent acquisition of Cardinal Games, a US-based company whose large library of games and puzzles Spin Master has commenced marketing and selling across Europe.
"Spin Master is committed to building our games presence in Europe," said Dino Canuti, General Manager, Spin Master Italy s.r.l. "These acquisitions build upon the substantial presence established by Spin Master Games and position Spin Master as a leader in the Games market in this region," he added.
The award-winning toy and games company is open to new partnerships and invites dialogue to that end. "As Spin Master continues to grow, we are eager to add to our portfolio and work with companies who, like us, have never forgotten their entrepreneurial spirits," said Anton Rabie, Chair and Co-Chief Executive Officer, Spin Master Ltd. "We invite any interested partners to reach out to Spin Master, we are always happy to have an open dialogue and explore mutually beneficial opportunities."
The transaction is expected to be completed in early February 2016.
About Spin Master Corp.
Spin Master (TSX:TOY) is a leading global children's entertainment company that creates, designs, manufactures and markets a diversified portfolio of innovative toys, games, products and entertainment properties. Spin Master is best known for award-winning brands including Bakugan, Air Hogs®, Spin Master Games(TM) and the 2015 Toy of the Year, Zoomer(TM) Dino. Since 2005, Spin Master has received 63 TIA Toy of The Year (TOTY) nominations with 14 wins across a variety of product categories. Spin Master has been recognized with 12 TOTY nominations for Innovative Toy of the Year, more than any of its competitors. Spin Master is among a limited number of companies that not only develop and produce global entertainment properties, characters and content, but also monetize that content through the creation, sale and licensing of products. To date, Spin Master has produced five television series, including 2007 hit series Bakugan Battle Brawlers(TM) and its current hit PAW Patrol, which is broadcast in over 160 countries and territories globally. Spin Master employs over 850 people globally with offices in Canada, United States, France, Italy, United Kingdom, Slovakia, Germany, Holland, Mexico, China, Hong Kong and Japan.
Contact:
Tara Tucker, Vice President, Global Marketing Communications, Spin Master Ltd., tarat@spinmaster.com