Jazwares is making all types of toys, including plush, action figures and more. Wicked Cool Toys does the same and both have a variety of properties.
“Led by Michael Rinzler, Jeremy Padawer, and Thomas Poon, Wicked Cool Toys has built an impressive reputation in the industry for spotting on-trend licenses, reinvigorating nostalgic brands, and collaborating with inventors to develop new products”, Judd Zebersky, chief executive officer and president of Jazwares says.
“We are thrilled to partner with WCT and its talented employees, leveraging the Company’s offices in Pennsylvania, California, and Hong Kong. WCT will operate as a division of Jazwares and day-to-day operations will not be impacted by this transaction”, Zebersky adds.
For now both companies aren’t going into details about the deal. They are quick to say nothing will change in the way they work and for their customers.
“We are excited to join Jazwares and the Alleghany Capital family of companies. Jazwares is a perfect strategic and cultural fit for WCT, driven by the vision and leadership of Judd and Laura Zebersky. In addition, we believe that Alleghany Capital’s long-term investment horizon and strategy of supporting entrepreneurial companies such as Jazwares and WCT will accelerate our combined growth potential”, Michael Rinzler, co-president and founding partner of WCT says.
Also, hopefully, both companies will now be able to do new stuff and crossovers. It could have interesting potential for some cool ideas.