Hy-Pro International has confirmed Nigel Wray, established entrepreneur and investor, as its new shareholder.
He has taken a 44 per cent equity stake in the business.
Wray is the Chairman and major shareholder of Saracens Rugby Football Club and will now sit on Hy-Pro's board as Chairman.
Wray also has a recognised track record for investment in privately and publicly owned businesses including high profile names as Domino's Pizza.
Hy-Pro's Atul Shah will continue to drive the business forward as CEO.
Shah said: "We are delighted to have Nigel on board. He will add significant value to the growth proposition moving forward.
"Nigel's approach and superb investment track record convinced us that he is the right partner to join our management team and for the growth of our business."
Wray added: "Atul and the team have built an impressive business encompassing highly successful intellectual property which is being taken up strongly across UK and international markets.
"It is a very exciting time to get involved with Atul and the team and I have no doubt that Hy-Pro will continue to expand into new customer bases and territories."
Want to receive up to the minute toy industry news straight to your inbox? Click here to sign up for the free ToyNews Daily Digest and Newsflash services. You can also follow ToyNews on Twitter and Facebook.