Matrix completes Funrise acquisition

Matrix finalises acquisition of Gazillion Bubbles manufacturer ahead of schedule.
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Not expected to be complete until early 2008, the acquisition is the second major move for the US firm, which also took over Shelcore Hong Kong in 2005.

Both subsidiaries will remain as two separate entities and operate independently under its current management structure.

Funrise was found in 1987 and its portfolio includes Gazillion Bubbles and licensed brands Tonka, Disney and Seasame Street.

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