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Crown Crafts buys Manhattan Toy for $17 million

Por: The Advocate Business March 20, 2023

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Crown Crafts, a Gonzales-based designer and distributor of products for infants and toddlers, said it has acquired Manhattan Toy for $17 million.Crown Crafts said it used cash on hand and proceeds from its line of credit to purchase Manhattan Toy.Manhattan Toy, based in Minnesota, makes plush and wooden toys that are sold online and in stores, by retailers such as Amazon, Target, Barnes & Noble and Kohl’s. Company officials said this will... + full article



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