JAKKS Pacific to Acquire Halloween Costume Company

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Jakks Pacific Inc. said Monday it entered into a definitive agreement to acquire the assets of Halloween costume and d & #233;cor company Disguise Inc. and a related company, both subsidiaries of France-based C & #233;sar S.A.

San Diego-based Disguise is a 21-year-old manufacturer of Halloween costumes and accessories, whose portfolio includes licensed characters from Walt Disney Co., Mattel Inc. and Marvel Entertainment.

Terms of the deal were not disclosed. The deal is set to close in December, pending approval from Cesar’s secured creditors.

“Our entry into the Halloween industry is the next step in our acquisition strategy as we further diversify our portfolio with products in the approximately $2 billion seasonal Halloween costume business,” said Chief Operating Officer Stephen Berman in a statement.

Jakks shares were up 83 cents, or 5 percent, to $17.51 in morning trading on the New York Stock Exchange.

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