KUALA LUMPUR, July 16 (Bernama) -- MGA Entertainment Inc (MGA) has completed the merger with Zapf Creation AG (Zapf), Europe’s top nurturing dolls manufacturer, which was first announced in October last year, creating the new wholly-owned subsidiary, MGA Zapf Creation GmbH.
“After more than 20 years working closely as two separate companies, Zapf Creation has joined the MGA family and we welcome them as a part of MGA.
“We look forward to growing both businesses and bringing smiles to children throughout Europe, the United States and the rest of the world as one company,” said MGA Founder and Chief Executive Officer, Isaac Larian in a statement.
The companies will work toward consolidating the businesses, taking advantage of opportunities like unifying their approach with retail partners globally.
No significant organisational or operational changes are expected now or in the near future in Germany post-merger, whereby Thomas Eichhorn will remain as MGA Zapf Creation GmbH President.
Headquartered in Los Angeles with offices globally, MGA is one of the largest privately held toy and entertainment companies in the world, known for its commitment to creativity, quality, and innovation.
-- BERNAMA
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