Jakks Pacific Agrees to Buy 21st Century Toys

Jakks Pacific Inc. agreed to buy rival 21st Century Toys Inc., a maker of military action figures and accessories, under undisclosed terms. The Malibu-based company plans to combine 21st Century with its action toys division, which features Road Champs toy vehicles and World Wrestling Federation action figures. Alameda-based 21st Century, whose products include the Ultimate Soldier XD, America’s Finest and the Villains, had sales of about $28 million last year. Jakks had $252.3 million in sales last year. Shares of Jakks fell 2 cents to $14 on Nasdaq. They had risen 54% this year.