Mattel to Acquire Mega Brands

logo_Mattel logoMattel Inc. and Mega Brands Inc. have signed a definitive agreement for Mattel’s acquisition, through a wholly owned subsidiary of Mattel Inc., of Mega Brands for $460 million.

The acquisition advances Mattel’s global growth strategy of building upon its world-class portfolio of brands by expanding into two of the fastest-growing toy categories. Mega Brands is the No. 2 player in the $4 billion construction building sets category with its Mega Bloks brand, as well as a competitor in the $2 billion arts and crafts category.

mega brands logoMattel’s portfolio of brands will complement Mega Brands’ flagship Mega Bloks brand and existing licensed brands, including Halo, Skylanders, Call of Duty, Assassin’s Creed, Power Rangers, Hello Kitty, and SpongeBob SquarePants. The acquisition will give Mattel the opportunity to broaden its relationship with its entertainment partners.

Mega Brands ranks among the top 15 toy companies globally in terms of sales, according to statistics published by The NPD Group last year. Additionally, the company achieved record sales of preschool construction toys. [Read more...]

Paper Punk Signs Deal with Nickelodeon

Jan29.PaperPunk.SpongeBobPaper Punk has inked a deal with Nickelodeon to develop paper-based construction and craft kits inspired by Teenage Mutant Ninja Turtles and SpongeBob Squarepants. The Teenage Mutant Ninja Turtles kits will be introduced at the American International Toy Fair in New York City.

The Teenage Mutant Ninja Turtles kits will feature all four turtle characters and include a kit containing 16 punch-n-fold shapes, more than 30 stickers, and 40 adhesive dots to construct a 3-D paper figure. It will be available early February. The SpongeBob Squarepants kit will feature the two main characters from the show and include eight to 16 punch-n-fold shapes, more than 120 stickers, and 40 adhesive dots to construct a 3-D paper figure. It will be available mid-year.