Spin Master buys board game maker Marbles
Toronto-based plastic toy manufacturer Spin Master Corporation has acquired Marbles, a U.S. company that makes brain-building board games, for an undisclosed amount.
Marbles started as a kiosk in a Chicago-area mall in 2008, and grew into a 40-store retailer, e-commerce, catalog and product business known for its specialized portfolio of games with brain benefits, including the best-selling game Otrio.
The announcement marks Spin Master’s ongoing efforts to build its games offering, following the 2015 purchase of Cardinal Industries and subsequent acquisition of Editrice Giochi SRL in 2016.
“The acquisition of Marbles further demonstrates our commitment to the Games category, as well as our consistent efforts to support our key growth strategies to selectively buy assets, such as Marbles, that will create future value for our shareholders,” said Ben Gadbois, president and COO of Spin Master.