Acquisition Further Strengthens Position in Games Category
TORONTO, Jan. 5, 2021 /PRNewswire/ -- Following the
announcement of its intention to acquire Rubik's Brand Ltd, owner
of the world-famous Rubik's Cube®, on October 27, 2020, Spin Master Corp. ("Spin
Master" or "the Company") (TSX: TOY) today announced it has
completed the acquisition. Spin Master will continue the Rubik's
brand legacy, with plans for further innovation across the entire
Rubik's portfolio and expanded distribution through the Company's
global footprint.
Spin Master has expanded its leading position within the Games
category through acquisitions of new titles and innovative
partnerships and collaborations. The Rubik's Cube® purchase marks
Spin Master's 22nd acquisition since the Company was
founded in 1994 and 12th since its initial public
offering in 2015. Currently, Spin Master is the third largest games
company in the United States.
About Spin Master
Spin Master Corp. (TSX: TOY) is a leading global children's
entertainment company creating exceptional play experiences through
a diverse portfolio of innovative toys, entertainment franchises
and digital and games. Spin Master is best known for award-winning
brands PAW Patrol®, Bakugan®, Kinetic Sand®, Air Hogs®, Hatchimals®
and GUND®, and is the toy licensee for other popular
properties. Spin Master Entertainment creates and produces
compelling multiplatform content, stories and endearing characters
through its in-house studio and partnerships with outside creators,
including the preschool success PAW Patrol and 10 other
television series, which are distributed in more than 160
countries. The Company has an established digital presence anchored
by the Toca Boca® and Sago Mini® brands, which combined have more
than 25 million monthly active users. With over 1,800 employees in
28 offices globally, Spin Master distributes products in more than
100 countries. For more information visit spinmaster.com or follow
on Instagram, Facebook and Twitter @spinmaster.
Media Contact: Tammy Smitham, VP
Communications, mediarelations@spinmaster.com; Investor Contact:
Sophia Bisoukis, VP Investor
Relations, investor.relations@spinmaster.com