Jakks Pacific acquires outdoor toymaker Maui Inc.

Malibu toymaker Jakks Pacific Inc. announced Thursday its acquisition of Maui Inc. for an undisclosed amount.

With the move, outdoor activity and sports toys such as the glittery Wave Hoops and bouncy Sky Ball will join Cabbage Patch Dolls and Pokemon under Jakks’ umbrella.

Jakks is slated to acquire all shares of Ohio-based Maui, as well as its Hong Kong-based affiliate A.S. Design Limited, the company said in a news release.

“We look forward to joining the Jakks Pacific family and having the support of such a dynamic consumer products company,” said Maui’s Chief Executive Brian Kessler.

Both companies said the acquisition would expand their product and market portfolio and expand their toys’ distribution worldwide.

“We anticipate expanding the Maui Toys product line through our strong distribution channels in key international markets,” said Stephen Berman, Jakks’ chief executive.

Jakks recently partnered with Los Angeles tech firm Nantworks to develop and sell a new line of toys that will incorporate a free app that uses image-recognition technology.

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