Dan Finanz AG, a financial division owned by Hape Holding AP founder Peter Handstein, acquired Playwell Enterprises Ltd., a Canadian-based distributor of children’s products.

The acquisition allows Hape to further extend its reach into Canada, and lays the foundation to expand its offerings to Canadian retailers. The acquisition will drive increased representation with Playwell’s sales and distribution expertise to help retailers manage their inventory through a scalable platform. Hape will focus on the U.S. market with The Edmonton staff and U.S. warehouse.

As part of the acquisition, Vivien Zheng, a senior executive with Hape for more than 15 years, will join the Playwell team. Playwell’s founder and CEO Henry Lim will continue to serve as president for the next two years.

About the author

Stephanie Grassullo

Stephanie Grassullo

Stephanie Grassullo is an associate editor at Adventure Publishing Group. In addition to handling toy and licensing news and updates for The Toy Book and The Licensing Book, Stephanie also writes toy reviews and commentaries for the Toy Insider. When she’s not binge-watching old episodes of Gossip Girl, Stephanie is always game for Boggle tournaments—she’s the titleholder Boggle champion in her family, and proud of it! Stephanie firmly believes that there is no awkward moment that can’t be remedied with the help of Bop It. To get to know her better, follow her on Twitter @steph_grass.

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