Jazwares has acquired Wicked Cool Toys, the master toy partner for Pokémon, and company behind a range of figures, plush and collectables tied to the world’s biggest video game streamers.
“Led by Michael Rinzler, Jeremy Padawer and Thomas Poon, WCT has built an impressive reputation in the industry for spotting on-trend licenses, reinvigorating nostalgic brands, and collaborating with inventors to develop new products,” says Judd Zebersky, Chief Executive Officer and President of Jazwares. “We are thrilled to partner with WCT and its talented employees.”
Judd says the transaction will not impact the daily running of Wicked Cool Toys, which will be operated as a separate division of Jazwares. Financial details of the transaction were not revealed.
"Jazwares is a perfect strategic and cultural fit for WCT, driven by the vision and leadership of Judd and Laura Zebersky,” says Michael Rinzler, Co-President and Founding Partner of WCT.
“In addition, we believe that Alleghany Capital's long-term investment horizon and strategy of supporting entrepreneurial companies such as Jazwares and WCT will accelerate our combined growth potential."
Jeremy Padawer, Co-President and Partner of WCT, adds: "Jazwares' product development expertise, global reach, and extreme passion for play will allow us to break new ground together in the toy industry and beyond."