Martin Grossman sells H. Grossman Ltd

The industry stalwart has sold his majority share in his UK business H. Grossman Ltd and its Hong Kong arm H. Grossman (HK) Ltd to Mark Walls and Daniel McLoughlin.
Publish date:
Social count:

Industry stalwart, Martin Grossman has sold his majority share in his UK business H. Grossman Ltd and its Hong Kong arm H. Grossman (HK) Limited.

The news arrives in the same year that the family-owned business celebrates its 70th anniversary.

Ownership of the firm passes over to Mark Walls (pictured top left) and Daniel McLoughlin (pictured top right), who have completed a majority share purchase of the business.

Both formally of HTI where Walls held the position of UK managing and sales director along with McLoughlin in Hong Kong who was responsible for product development, sales and sourcing for over ten years.

Under the new deal, Grossman will remain a shareholder and director as he and his co-director Caroline Brotherton prepare to continue working within the business going forward.

“We are delighted and extremely proud to have the opportunity to acquire HGL,” said managing director, Mark Walls.

“The business has seen 70 years of success and has developed a reputation within the industry for delivering craze lines and award-winning products. There is great scope to expand the business with its core brands and licensed portfolio to its growing UK and international customer base.

“The UK and the HK teams have played a key part in the success of the company and it is imperative that the team remains at the forefront of the business for the future.”

Grossman has stated that he is ‘delighted for the pair.’

“This is a wonderful opportunity for them as both Grossman businesses are thriving with unlimited potential,” he said. “I’d like to thank my wonderful wife Elinor for standing by me for the last 45 years in the toy trade and for being my backbone.

“A special thank you goes to my co-director and friend Caroline Brotherton who has put her heart and soul into the business over the last two decades.”

Walls concluded stating that: “Both myself and Daniel are very much looking forward to working with Martin, Caroline and the team and build in the hard work and success of H Grosman.”


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.


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.