Spin Master chief executive Max Rangel says Melissa & Doug is a trusted brand of early childhood toys with an evergreen portfolio.
Rangel says the addition of Melissa & Doug will expand Spin Master’s presence in new categories, providing immediate revenue growth.It says it plans to finance the purchase price with about $450-million in balance sheet cash and $500-million in debt financing. The agreement also includes up to an additional US$150-million that is subject to achieving certain financial targets for 2024 and 2025.Market data values update automatically. Checking box will enable automatic data updates.Did you subscribe to The Globe in the past four months?
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