aNb Media News, August 14, 2013

Spin Master Acquires Meccano

Spin Master Ltd., announced this morning the acquisition of Meccano (known as Erector Set in the U.S.) launching the company into the construction category.

“Meccano is iconic. It was founded in 1901 and has always been about creating toys that enable children and adults to imagine and create completely new worlds,” said Anton Rabie, co-CEO of Spin Master Ltd. “This classic construction system has stood the test of time with phenomenal lines and we are looking forward to building a future together.”

Ben Gadbois, Spin Master’s global president and COO added, “We are pleased to welcome Meccano and all its employees to Spin Master and are eager to grow the brand through our innovation process and distribution network. We want to thank the Meccano leadership team, 21 Centrale Partners, and Lincoln International for the hard work and diligence through the acquisition process.”

Michaël Ingberg, CEO of Meccano, said, “We are extremely happy to be part of Spin Master and are excited with the culture and track record of continuous innovation. I have the utmost respect and confidence in the Spin Master leadership team and am eager to help Spin Master position Meccano as an even stronger competitor in the construction category.”

Spin Master will retain Meccano’s manufacturing base and industrial facilities located in Calais, France, to optimize serviceability to European markets. Meccano is just one of Spin Master’s acquisitions as of late including Spy Gear (from Wild Planet) and Perplexus. Terms of the deal were not disclosed.