Techno Source USA has joined the family of Li & Fung Limited, following a March 14, 2011 agreement under which LF Products has acquired the business assets of Techno Source USA, Inc. The Techno Source business will continue to operate under the management of founders Rich Migatz and Wayne Nathan, as well as Eric Levin, and will provide a platform for Li & Fung to continue to build and expand its toy business globally.
“We’re really excited about this opportunity,” says Eric Levin, president of Techno Source. “Because Techno Source and Li & Fung have been partners—they’ve been our agent—we’re just bringing our relationship even closer together, and we’re getting the opportunity to tap into the immense amount of resources that they have in terms of finance, network, customers, and supply chain, which puts us at an entirely new level in terms of our ability to take the business and drive it to the place that we’ve always hoped that it could go.”
LF Products is part of Li & Fung Limited, the Hong Kong-headquartered multinational consumer goods export and logistics group, which is recognized as a world leader in consumer goods design, development, sourcing, and distribution. The group manages the supply chain for retailers and brands worldwide from approximately 240 offices and distribution centers in more than 40 economies.
Techno Source offers a portfolio of electronic and non-electronic games, under brands that include 20Q, Tetris, Disney, Rubik’s, Nickelodeon, Bicycle (The United States Playing Card Company), Intellivision, Guess What I Am!, and Electronic Touch-Screen Sudoku. Its products are sold through major retailers, department stores, mass merchants, drug and grocery stores, bookstores, specialty retailers, online retailers, and non-traditional retailers throughout North America, South America, Europe, Asia, Africa, and Australia.