MAT - Spin Master Continues Acquisitions With Orbeez Deal
Quick Take
Spin Master (SNMSF) announced it has acquired Orbeez for an undisclosed amount.
Orbeez, developed by Maya Toys, operates as an activity toys brand.
SNMSF continues to acquire brands as it seeks deeper penetration in its target markets, but the stock appears richly valued at its current level, so my bias is NEUTRAL.
Target Brand
Huntington Beach, California-based Maya Toys founded in 1992, which developed the Orbeez brand of superabsorbent polymers that grow 100 times in water, and operates as a toy company. Source: Maya Toys
Spin Master is acquiring the Orbeez