Sweet Suite 2016

Spin Master Completes Cardinal Industries Acquisition

logo_spinmasterSpin Master has completed the previously-announced acquisition of 100% of Cardinal Industries, one of the oldest privately-held game and puzzle companies in the United States. This makes Spin Master the second-largest games company in the U.S.

The purchase price was satisfied by $50 million in cash. Spin Master will also pay up to an additional $19.5 million over five years based on Cardinal’s EBITDA. The acquisition was financed through Spin Master’s existing credit facility.

Spin Master Enters into Agreement to Purchase Cardinal Industries

spin masterSpin Master Ltd. has entered into an agreement to purchase Cardinal Industries Inc., one of the oldest privately held toy companies in the U.S. The acquisition will enable Spin Master to expand its selection of games, puzzles, and licensed products. Cardinal will continue to operate as an independent entity, while benefiting from Spin Master’s global scale and infrastructure.

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Spin Master Teams with Autism Speaks to Benefit the Autism Community

April20.KineticSandSpin Master Ltd. has partnered with Autism Speaks in the U.S. and Canada to raise funds for the organization through the sale of Kinetic Sand. The company will also explore the positive benefits that play skills and social experiences may have for children with autism spectrum disorders (ASDs).

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TIF Collects Thousands of Donated Toys at ToyFest West

tif_logoThe Toy Industry Foundation collected thousands of dollars worth of brand-new toys and games for children in need at the close of ToyFest West on March 11, according to the Toy Industry Association. This year marked the Foundation’s first time as the official partner for the Western Toy and Hobby Representatives Association’s annual Las Vegas show.

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Q&A with Ben Gadbois, Global President and COO, Spin Master Ltd.

SpinMaster.BenGadboisThe Toy Book (TTB): Which toy categories do you expect to expand in 2015? Which do you expect to contract?

Ben Gadbois (BG): While it isn’t a category itself, robotic technology is advancing the toy industry in revolutionary new ways. Toy robots are nothing new to the market, but over the past few years we are seeing more innovative integration of robotics, allowing kids to do incredible things. From our trainable, voice-recognizing dog, Zoomer, to the autonomous, fiercely independent Zoomer Dino, toys are coming to life and great new play patterns are emerging. This year, we are fusing the latest technology and robotics with the iconic Meccano brand (known as Erector in the U.S.) with our latest robot, Meccanoid G15 KS. Meccanoid embodies the core values of science, technology, engineering, and math (STEM), and empowers children by acting as a fun and engaging way to learn about coding, robotics, and engineering. As society advances, so do our toys, and there is a new thirst in the market as consumer behavior shifts toward products that can be both fun and educational. [Read more...]

Spin Master Launches Interactive Meccanoid G15 KS

spin masterThis year, Spin Master Ltd. is working with Meccano—known as Erector in the U.S.—on Meccanoid G15 KS, a personal robot built with the latest Meccano parts. It is an advanced, yet easy-to-use open source Robotic Building platform, accessible to builders covering a broad range of ages and skill sets. Four feet tall and programmable, the robot is comprised of 550 parts and comes with a companion app, whereby owners can save animations and share them with friends. [Read more...]

Twenty One Toys and Spin Master Ltd. Send Empathy Toys to Israel and Gaza

TheEmpathyToyTwenty One Toys has partnered with Spin Master Ltd. to send its Empathy Toy to children and communities in need in Israel and Gaza. For Twenty One Toys, it represents the opportunity to have an impact far from home.

The Empathy Toy is a blindfolded puzzle game for kids and adults, designed to get players to think creatively, laugh through frustration, and help build a spirit of dialogue and understanding.

Spin Master Ltd. recently sent thousands of its toys to summer camps and kibbutz community centers in southern Israel, where children and families currently seek shelter amid the hostilities. It’s the third donation program for a war-torn area launched by Spin Master during the past eight years. Local and international support has included free freight shipping of all toys by El Al Airlines.

Spin Master Is Revving Up for Monster Trucks

MonsterTrucks.logoParamount Licensing has agreed to a master toy license deal with Spin Master Ltd. for next summer’s film Monster Trucks. It marks the first licensee partnership in support of the live action film, which is based on an original concept by Paramount and directed by Chris Wedge.

Spin Master will develop an extensive line up of vehicle-based products that will launch alongside the film.

“This line will be a major presence at retail and a cornerstone of our licensing program across all major categories,” said LeeAnne Stables, president of consumer products and head of Paramount’s marketing partnerships.

Spin Master Launches Paw Patrol Toy Line Exclusively at Toys “R” Us

PawPatrolPaw Patrol is headed to Toys “R” Us stores nationwide and online at toysrus.com on May 18. Developed by Spin Master Ltd., Paw Patrol is the No. 1 rated preschool series and airs weekdays on Nickelodeon. Throughout June, Toys “R” Us will be the only retailer to offer the new preschool line of plush, vehicles, figures, and more based on the TV show.

The new product range includes a number of collectible items for kids ages 3 and up.

The Action Pack Pup with Badge figure comes with a push-button transforming backpack and a kid-sized, snap-on role-play badge.

Paw Patrol Racers each include a pup or a figure molded inside that hero’s signature vehicle. [Read more...]

Spin Master Sues Two Chinese Manufacturers for Patent and Copyright Infringement

logo_spinmasterSpin Master Ltd. has filed civil lawsuits against two Chinese manufacturers with the Shantou Intermediate People’s Court. Spin Master seeks to recover damages and enjoin Shantou Chenghai Hui Ying Toy Factory (Hui Ying) and Shantou Chenghai Hua Cai Ke Yi Industry and Trade Co. Ltd. (Hua Cai) from further manufacturing what Spin Master alleges are knock-offs of Spin Master’s best selling Flutterbye Flying Fairy.

The law suits claim infringement of both Spin Master’s registered copyright and utility model patent. The alleged counterfeits are sold under the names Beautiful Flying Fairy/BaoNiu Flying Fairy and Flower Fairy.

Through online monitoring and administrative enforcement, Spin Master has been successful in shutting down more than 100 web sites that were attempting to sell knock-off versions of Flutterbye Flying Fairy into the global marketplace over the Internet. Many of these websites were found to be selling product manufactured by Hui Ying and Hua Cai.