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Jazwares acquires Russ Berrie, Applause brands.

M2 EQUITYBITES-June 11, 2018-Jazwares acquires Russ Berrie, Applause brands


Jazwares, LLC, a subsidiary of Alleghany Capital Corporation, has acquired the Russ Berrie and Applause brands, the company said.

The Russ Berrie brand originated in 1963 and has historically included a variety of gift items, such as stuffed animals, mugs, picture frames, figurines, greeting cards, and stationery. The Applause brand has included stuffed toys and collectible figurines since 1966. These well-known brands were acquired from Larsen & Bowman Holdings Ltd. and Maple Licensing Ltd. through Jazwares' affiliate, Zag Toys, LLC, a provider of the collectibles industry.

Alleghany Capital Corporation is a wholly owned subsidiary of Alleghany Corporation. Alleghany Capital Corporation sources, executes, and oversees certain investments and acquisitions for its parent company, Alleghany Corporation (NYSE: Y).

Jazwares, LLC is a global provider of consumer products, including toys, musical instruments and kid-friendly consumer electronics. Zag Toys was recently added to Jazwares' family of companies and is a consumer product and licensing company specializing in the design, sourcing, and distribution of innovative collectibles based on trending pop-culture and gaming brands.

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Publication:M2 EquityBites (EQB)
Date:Jun 11, 2018
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