Jakks Pacific to Acquire Moose Mountain Toymakers

Jakks Pacific, Inc. has entered into an agreement to acquire Hong Kong-based Moose Mountain Toymakers Limited, manufacturer of sports arcade products, foot-to-floor ride-ons, tents, soft play environments, arcade pinball games, and wagons.

Jakks Pacific will acquire all shares of Moose Mountain’s stock and its affiliate, Moose Mountain Marketing, Inc. The business includes licenses for characters and brands. The transaction is scheduled to close in the third quarter of 2011, subject to third party approvals and other customary closing conditions.