Never Wrong Toys and Markan Industrial Group Ltd., have announced their first strategic acquisition of the brand Laser Pegs, known for their lighted construction toys.
“I’ve always felt like there was something special about this brand,” said Eva Wong, General Manager of Never Wrong Toys. “It gives off a unique yet attractive and exciting feel, which is why we felt that Laser Pegs would be a great brand to acquire; we are very excited to brighten up the construction aisle.”
Never Wrong Toys hopes to grow the company and revamp its position in the market with a fresh approach to marketing strategies and retail distribution.
“We are excited and ready for Laser Pegs to be reimagined and back on top of the construction toy market,” said Ross Smith, Chief Revenue Officer of Laser Pegs. “We are grateful to be working with a distinguished toy company like Never Wrong Toys and can’t wait to see what’s in store.”