RC2 cans publishing purchase

RC2 has pulled out of a deal to purchase a children's publishing house because of the current economic situation.
Publish date:
Social count:

The firm says due to adverse capital markets it will not proceed with the purchase of the Children’s Publishing Division (CPD) of privately held Publications International.

Curt Stoelting, CEO of RC2 said, “We are disappointed not to be moving ahead with this acquisition. Recent shifts in the capital markets have impacted the availability of capital and increased the cost of financing. High financing costs coupled with other restrictive terms and conditions precluded us from structuring a transaction with the proper levels of operating and financial flexibility.

“We hope to revisit this acquisition when the economic environment and capital markets show improvement. We continue to believe that combinations like the CPD purchase fit with our long-term strategic plan to complete synergistic acquisitions which strengthen and diversify RC2’s business.”



RC2 sales fall

RC2 has posted a lower than expected profit for the third quarter, hurt by a decline in sales.


RC2 streamlines business focus

RC2 Corporation has sold its collectible trading card and die-cast sports collectibles business in order to better concentrate on its infant and children's toy products.

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.