Alex Brands Joins Toys for Tots as Official Sponsor

AlexBrandsAs of today, Alex Brands has become an official sponsor of Toys for Tots. The company is joining the charitable program to help benefit children and families during the current holiday season.

A 67-year-old national charitable program run by the U.S. Marine Corps Reserve, Toys for Tots collects toys, books, and other gifts, distributing them to economically disadvantaged children. Last year, the Marine Corps provided for nearly 7 million children in more than 760 communities nationwide.

“We are delighted to have Alex Brands join us as a national corporate sponsor,” says retired Marine Major Bill Grein, vice president of marketing and development for the Marine Toys for Tots Foundation. “The addition of some of the most recognizable and iconic toy brands to our efforts is going to help make this holiday season even brighter for the children we serve.”

Alex Brands’ family of brands includes Alex Toys, Poof, Slinky, Scientific Explorer, Ideal, and more.

Propel Equity Partners Acquires Assets of Summit Products, CitiBlocs

Private equity firm Propel Equity Partners has acquired the assets of Summit Products LLC, which include Backyard Safari, Zillionz, Covert Force, Test Pilot, and Stink Bugzzz brands. These lines will be incorporated into the Alex Brands family of toy brands.

In a separate transaction, Propel Equity Partners also acquired CitiBlocs, a line of high-quality, precision cut wood construction blocks. CitiBlocs will also be incorporated into Alex Brands. CitiBlocs builds upon the presence of Alex Brands in the construction category, which already includes Ideal Frontier Logs, Amaze ’n Marbles, Kinderblocks, Fiddlestix, and the Zoob line.

Alex Brands is a family of brands owned by Propel Equity Partners that includes Alex Toys, Poof, Slinky, Scientific Explorer, Ideal, and Zoob. The collective portfolio, sold worldwide, includes more than 2,000 products spanning the categories of games, science kits, preschool and infant toys, construction sets, craft activity kits, art supplies, bath toys, foam sports balls, and the classic Slinky.

Alex Brands Brings Several Toy Industry Companies Together Under One Brand

PrintAlex Toys, POOF-Slinky, and Zoob have come together to form Alex Brands, a family of brands that will include several names in the toy industry, including Alex Toys, Slinky, Scientific Explorer, and Ideal. Alex Brands’ collective portfolio will encompass more than 2,000 products spanning the categories of games, science kits, preschool and infant toys, construction sets, craft activity kits, and more.

The Alex Brands family will be headed by Fred Keller as president, and steered out of Canton, Mich., and Northvale, N.J. Alex Brands is owned by Propel Equity Partners, which acquired Poof-Slinky in July 2012, Alex Toys in May of last year, and Zoob this past September.

At next month’s American International Toy Fair in New York City, Alex Brands will introduce more than 150 new items across all its brands.

Propel Equity Partners Acquires Zoob

propel equityPropel Equity Partners, a private equity firm focused on investing and creating value in leading consumer brands, has acquired the Zoob construction toy line from Infinitoy Inc. Zoob joins the Poof-Alex Holdings LLC family of brands, which includes Slinky, Poof, Ideal, Scientific Explorer, Fundex Games, and Alex on the Propel Equity Partners roster of leading children’s brands.

Zoob is a building set featuring pieces that move after you put them together, allowing for interactive creations. The pieces are based on a natural and living system that includes five basic pieces that snap together in 20 different ways to make building easy and versatile. With more than 30 different themed sets, Zoob products are sold throughout the U.S. and in more than 100 countries through a variety of distribution channels.

Propel Equity Partners Acquires ALEX

Propel Equity Partners, a private equity firm focused on investing and creating value in consumer brands, has acquired ALEX, maker of children’s creative products.

ALEX joins the POOF-Slinky family of brands, which includes Slinky, POOF, Ideal, Scientific Explorer, and Fundex Games on the Propel Equity Partners roster of toy brands. POOF-Slinky Inc. was acquired by Propel Equity Partners in last July, and Fundex Games was acquired in December.

The combined strength of the two companies, along with an emphasis on customer-development and brand-building, will continue to fortify the brands’ presence. Broadened distribution and intensified consumer communications will drive availability of, and desire for, ALEX products among more households across the U.S. and worldwide. [Read more...]