'What excites us so much about Melissa & Doug is the power of their brand, their deep knowledge in developmental play and their passion for creativity, imagination and sustainability,' said Max Rangel, Spin Master's Global President and CEO. The addition of Melissa & Doug will strengthen Spin Master's offering by adding complementary early childhood products and further diversify its portfolio across new channels and formats. With a mission to ignite imagination and a sense of wonder in children, Melissa & Doug has developed into a beloved brand of high-quality, sustainable, and learning-enriched play that is sought after and trusted by parents and children alike. The acquisition will bolster Spin Master's position as a leader in the children's entertainment industry and will bring complementary capabilities in early childhood toys by adding Melissa & Doug's high-quality offerings of open-ended, creative, and developmental wooden toys.

('Spin Master' or the 'Company') (TSX: TOY), a leading children's entertainment company, today announced it has reached a definitive agreement to acquire U.S.-based Melissa & Doug, a well-recognized and trusted brand in early childhood play, for $950 million in cash.

Acquisition is highly strategic and complementary, expands Spin Master's offering in toys for early childhood play, is a compelling use of balance sheet capacity and is immediately accretive to EPSĪll references in US$, unless otherwise noted

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