Tobar International has acquired H Grossman Ltd, Scotland’s largest toy company.
HGL will continue to operate in its native home of Glasgow and Martin Grossman will continue as managing director.
After 72 years of trading, Elinor and Martin Grossman decided to sell the business to Norwich based Tobar International, ensuring continuity for staff and customers. Martin Grossman has worked for the company for 47 of its 72 year history.
Martin Grossman, managing director of HGL, said: “I want the business to continue, allowing my staff to carry on and my customers to also benefit from the continuity. I have no family who want to run the business hence my decision to sell once again.
“I will say though, that I think this is a great fit for the company and I am really excited about it. This is a truly amazing match and I believe that both companies will prosper.”
David Mordecai, CEO of Tobar International, added: “We are delighted to be acquiring H Grossman Ltd and we see a great complementary relationship between the two companies. The key for us in acquiring the company was for Martin to continue to be involved in the business. Customers will see no difference in service levels, product innovation or anything else.
“Product wise too, we think this is a great fit. Grossman’s is renowned for product innovation and for being first to market and this will an exciting complement to what we do. There is little crossover on customer accounts and most of our lines are very different, selling to different sectors of the market.”
Founded in 1973, Tobar is an innovative multi-channel supplier and development centre for toys, gifts and gadgets. Tobar provides full supply chain solutions from product innovation, sourcing, packaging, storage and logistics from its UK home in Norwich.