NEWS

Goliath acquires Fun Promotion from Toi-Toys International

Published on: 3rd June 2021

Toi-Toys says the sale of the company was driven by its desire to focus more on its own brand products while Goliath says it will launch a range of products under the Fun Promotion portfolio.

Fun Promotion, which was acquired by Toi-Toys International only last year, has now changed hands again after being sold to Goliath.

The company has been creating innovative novelty toys for kids of all ages since 1978 and is best known for the creation of Magic Twisty – a product that to date has sold over 20m units in over 30 countries. Other successful product launches include Ztringz – the rainbow rope, Skippy Dance, Super Balloon and many more.

Commenting on the sale, Rob Rooijackers, CEO of Toi-Toys, said:  “As we will be focusing more on products under our own Toi-Toys brand name in the future, we strongly believe Goliath is a better fit to further develop the legacy and brand of Fun Promotion.”

“We are optimistic about the future and we expect impulse products and retail business to be completely back to normal by spring 2022,” added Jochanan Golad, CEO of Goliath. “We will be launching a range of exciting new products under the Fun Promotion portfolio and will further strengthen its excellent in-store marketing strategy and relationships with retailers and distributors.”

Founded in 1980, Goliath is a world leading, privately-owned, international games specialist, and in recent years has been aggressively growing in the toy category with the acquisitions of Tucker Toys, Britz’n’Pieces, Wahu and, most recently, Vivid Toy Group, which it acquired in November 2018 for an undisclosed sum.

 

RECENT ARTICLES

Friday Blog

Is everything OK…it’s the Friday Blog!

Character Options announces senior promotions

Baby born celebrates 30th birthday with over 20,000 children

Spielwarenmesse 2022 details precautions for a safe event

Hasbro progresses sustainability goals with Potato Head

Universal ramps up Jurassic World excitement with new short

Blackpool to welcome new Merlin Entertainments Peter Rabbit attraction

Sign up now for ‘Supply Chains, transportation and toys’ webinar

Toy Galaxy opens new Watford store and champions indies

Bachmann unveils latest winter launches