Spin Master acquires Swimways

‘We are well-equipped to significantly grow Swimways' brands both domestically and internationally through our strong retail relationships and global sales network’, says Spin Master’s Ben Gadbois.
Author:
Publish date:
Social count:
0
Spin Master.png

Spin Master is set to enter the water and outdoor category thanks to its latest acquisition of Swimways Corporation.

Boasting a range of toys, games and sporting goods for the pool and beach, the Swimways’ collection also offers a line of licensed pool toys from a number of entertainment franchises.

"Spin Master is committed to growth through diversification, innovation, expanding our global presence and making strategic acquisitions. With the Swimways acquisition, we can do all of these,” said Ben Gadbois, president and COO of Spin Master.

“We are well-equipped to significantly grow Swimways' brands both domestically and internationally through our strong retail relationships and global sales network, while leveraging our internal innovation expertise and our network of inventors around the world to develop new products.”

The purchase price for the acquisition by Spin Master will be satisfied by $85 million in cash on closing.

David Arias, corporation president at Swimways, added: “We're excited to join the Spin Master family today. This will allow Swimways and its brands to grow and expand by harnessing Spin Master's global infrastructure.

“We share a spirit of innovation, expertise in maximising licensing partnerships and a commitment to quality that will provide a strong foundation for growth moving forward."

Related

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.