Malibu toymaker Jakks Pacific Inc. on Monday said that completed its acquisition of Moose Mountain Toymakers Ltd., a Hong Kong maker of licensed arcade-style games, children’s vehicles and other toys.
Jakks, which also specializes in toys based on licensed characters, did not disclose what it paid to acquire Moose Mountain, a 15-year-old privately held company, and its Parsippany, N.J.-based affiliate, Moose Mountain Marketing Inc.
Moose Mountain is licensed to make toys that include wagons, tents and arcade pinball games branded with properties owned by Walt Disney Co., Nickelodeon and Hasbro. Jakks has licenses that range from Ultimate Fighting Championship and Pokémon to Hello Kitty and Cabbage Patch Kids.
“We believe that Moose Mountain and its roster of evergreen licenses and broad array of product lines, coupled with its stellar management team, will be a strong addition to Jakks’ portfolio of brands across multiple product categories,” said Chief Executive Stephen Berman in a statement.