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The Week: September 11 - 17.(The Insider)(MGA Entertainment Inc acquires Little Tikes Co.)(The Cleveland Clinic develops new hospital)(Les C. Vinney will resign from Steris Corp)
Crain's Cleveland Business, September, 2006
Not toying around: Newell Rubbermaid Inc. has agreed to sell Hudson-based Little Tikes Co. to MGA Entertainment Inc. for an undisclosed amount. The company expects a net gain of $15 million to $25 million from Little Tikes' sale to the Van Nuys, Calif.-based toymaker, which produces the popular Bratz fashion dolls.
Little Tikes makes infant and preschool products and has about 500 employees in Hudson. A Newell Rubbermaid spokeswoman declined comment on the future of those employees. Little Tikes contributed about $250 million to Newell Rubbermaid's 2005 revenue of $6.3 billion. Working on their Gulf game: The Cleveland Clinic will develop and operate a specialty hospital in the Persian Gulf region under a 15-year agreement with the government of Abu Dhabi. The...
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