LOS ANGELES, July 16, 2024 (GLOBE NEWSWIRE) — MGA Entertainment and Zapf Creation AG complete merger
Founding of MGA Zapf Creation GmbH
LOS ANGELES; July 16, 2024 – MGA Entertainment, Inc. (MGA), one of the world’s largest privately held toy and entertainment companies, today announced that its merger with Zapf Creation AG (Zapf), a leading European manufacturer of nursery dolls, first announced in October 2023, has been completed, resulting in the creation of a new wholly owned subsidiary, MGA Zapf Creation GmbH.
“After more than 20 years working closely together as two separate companies, Zapf Creation has joined the MGA family and we are thrilled to welcome them as part of the MGA family,” said Isaac Larian, founder and CEO of MGA Entertainment, Inc. “We look forward to growing both businesses and working as one company to bring smiles to kids across Europe, the U.S. and around the world.”
The two companies will work towards integrating the businesses, taking advantage of opportunities such as a unified approach with retail partners worldwide. No major organizational or operational changes are planned for the combined company in Germany now or in the foreseeable future. In that respect, Thomas Eichhorn will continue as Managing Director of MGA Zapf Creation GmbH.
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About MGA Entertainment, Inc.
MGA Entertainment is one of the largest privately held toy and entertainment companies in the world, known for its commitment to creativity, quality and innovation. Headquartered in Los Angeles with offices around the world, the company creates innovative and uniquely licensed consumer products and entertainment properties, including toys, games, dolls, apparel, consumer electronics, home décor, stationery, sporting goods, films and television series. The MGA family includes award-winning brands such as LOL Surprise!™, Little Tikes®, Rainbow High™, Bratz®, MGA’s Miniverse™, Yummiland™, CarTuned™, GrossMos!™, Pixel Petz™, Micro Games of America, Fluffie Stuffiez™, BABY born® and Zapf Creation®. For more information, visit www.mgae.com or connect with us on LinkedIn, TikTok, Instagram and Facebook.
Contact: Alan Hilowitz MGA Entertainment, Inc. / MGA Zapf Creation GmbH +1.818.221.4431 news@mgae.com
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