Jakks Pacific, Inc., has acquired Ohio-based Maui, Inc., a manufacturer and distributor of spring and summer activity toys, outdoor sports toys, and impulse toys including Wave Hoop and Sky Ball products.
Jakks Pacific acquired all of the shares of stock of Maui, a 24 year old, privately held company, and its Hong Kong-based affiliate A.S. Design Limited.
The Company expects that the Maui acquisition will be accretive to earnings in 2013. The determination of the impact to 2012 is subject to completion of the purchase price allocation for 2012, which has not yet been completed.
This post was originally written by Loren Moreno and published by ToyBook.com. For more news, visit www.toybook.com, follow The Toy Book on Twitter, and like The Toy Book on Facebook. The Toy Book is a bimonthly trade magazine covering the toy industry, published by Adventure Publishing Group.