JAKKS Pacific to Acquire Moose Mountain Toymakers

JAKKS Pacific, Inc.

announced today that it has entered into an agreement to acquire Hong Kong-based Moose Mountain Toymakers Limited. JAKKS Pacific will be acquiring all of the shares of stock of Moose Mountain, a 15-year-old, privately held company and its Parsippany, NJ-based affiliate, Moose Mountain Marketing, Inc. The business includes licenses for well-known characters and brands, and its children's product lines are complementary to JAKKS Pacific's wide-ranging product portfolio. The transaction is scheduled to close in the third quarter of 2011, subject to third party approvals and other customary closing conditions.