“What excites us so much about Melissa & Doug is the power of their brand, their deep knowledge in developmental play and their passion for creativity, imagination and sustainability,” said Max Rangel, Spin Master’s Global President and CEO.
“With this acquisition, Spin Master will combine it’s innovation, global reach and diverse portfolio with Hexbug’s innovative excellence to surprise and inspire kids in new ways,” said Anton Rabie, Spin Master’s Co-Founder.
“The acquisition of 4D will give Spin Master the opportunity to inject innovation into our puzzle portfolio with new form factors, iconic licenses and elevated construction models,” said Max Rangel, Spin Master’s Global President & CEO.
“Spin Master Ventures will establish us as the partner of choice for entrepreneurs looking for capital to start and grow a business in the kids’ space,” said Ronnen Harary, Spin Master’s Co-Founder and Board Chair.
Spin Master’s Co-Founders and current Co-CEOs, Ronnen Harary and Anton Rabie, will work closely with Rangel over the next several months to ensure a seamless transition, following which they will continue their leadership of the strategic path for Spin Master in their roles on the Board.
“There are many growth opportunities for Spin Master with the Rubik’s brand as we transition to a blended model of direct sales in combination with existing partners globally,” said Anton Rabie, Spin Master’s Chairman and Co-CEO.