Magson sold

In a refinancing deal, Magson has been acquired by investment fund Agilo.
Author:
Publish date:
Social count:
0
5_Pocoyo.jpg

The toy and stationery distributor has also left the Club Group of Wholesale Distributors after an “internal review of operational needs”.

The firm hopes the refinancing deal will allow it to take advantage of its market position and drive its growth, after recently undergoing the first stages of a re-structuring process.

Ian Magson, sales and marketing director of the firm will remain on the board, alongside Alan Gaynor who takes over the reins of CEO immediately.

Magson said: “The refinancing of the company will now enable us to focus on driving the business on new foundations. I would like to thank the many loyal customers and suppliers who have supported us over the years and enabled us to become the business we are today.

“We are confident that the future holds much stronger service and supply opportunities and look forward to working with them further to our mutual benefit.”

Commenting on the firms exit from Club Group he said: “The Club Group has historically played an important part in our commercial strategy. However, changes in the market place and our customer requirements have made us question the relevance of remaining within a buying group where we are now the dominant member. Our size and national coverage mean that our business objectives and those of the Club Group members are inconsistent.”

Related

5_Pocoyo.jpg

Saitek sold

Electronic games specialist Saitek has been acquired by video games peripherals manufacturer Mad Catz for around $30m.

5_Pocoyo.jpg

Brite Power sold

Brite Power has been sold to Liverpool-based wholesaler Benross Marketing, with boss Charles Spieler staying with the firm part-time for a period while also helping to establish French firm Canal Toys in the UK.

5_Pocoyo.jpg

Bandai swoops for Namco

A new Japanese toys and games powerhouse has been created, with Bandai acquiring video game firm Namco in a deal worth some $1.6bn.

Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.

Liberty

UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.