Business Services Industry
Deerfield Beach, Fla.-Based Firm to Become Subsidiary of California Toymaker.
Knight Ridder/Tribune Business News, April, 2004
By Dale K. DuPont, The Miami Herald Knight Ridder/Tribune Business News
Apr. 21--A California toymaker is scooping up Care Bears, Cabbage Patch Kids and Teletubbies -- and their Deerfield Beach-based home, Play Along -- for $116 million.
The Malibu-based JAKKS Pacific said Tuesday that the characters would complement its own products, which range from action figures to pool floats.
Play Along will be a wholly owned subsidiary of JAKKS and continue to be based in South Florida and Hong Kong. The deal is expected to close this quarter.
Launched five years ago with a Britney Spears doll, the privately held Play Along employs about 50 people in Deerfield. They were to be told of the proposed acquisition late Tuesday.
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