Malibu, California-based toymaker Jakks Pacific has entered a bid to acquire Hong Kong-based Moose Mountain Toymakers, which manufactures sports arcade products, foot to floor ride-ons, tents, arcade pinball games and wagons.
Jakks will be acquiring all of the shares of stock of Moose Mountain, a 15-year-old privately held company and its Parsippany, NJ-based affiliate, Moose Mountain Marketing. The business includes licenses for characters and brands.
The transaction is scheduled to close in Q3 of this year, subject to third party approvals and other customary closing conditions.
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