Spin Master has been recognized with 12 TOTY nominations for Innovative Toy of the Year, more than any of its competitors. Since 2005, Spin Master has received 63 TIA Toy of The Year (TOTY) nominations with 16 wins across a variety of product categories. Spin Master is best known for award-winning brands including Zoomer™ Dino, Bakugan Battle Brawlers™, Air Hogs®, and 2015 Toys of The Year, Bunchems and Meccanoid G15. Spin Master is a leading global children’s entertainment company that creates, designs, manufactures and markets a diversified portfolio of innovative toys, games, products and entertainment properties. Earlier acquisitions include Etch a Sketch and Doodle Sketch from The Ohio Art Company, and global mobile digital app companies Toca Boca and Sago Mini from Bonnier Group. The announcement marks Spin Master’s fifth acquisition since its IPO in July 2015. Swimways will operate as a stand-alone subsidiary within the Spin Master group. The transaction was financed through Spin Master’s existing credit facility. The announced purchase price for the transaction is US$85 million in cash on closing, less an escrow for possible adjustments, plus up to US$8.5 million payable over four years based on Swimways’ sales growth. The acquisition establishes Spin Master as a key player in the Outdoor and Sports Toys category – currently one of the largest and fastest growing categories in the US toy industry. (TSX: TOY) announced the acquisition of Swimways Corp., a leader in the water and outdoor sports category, as well as the formation of an Outdoor business segment.
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