NEW YORK, May 29, 2018 /PRNewswire/ — Alleghany Capital Corporation (“Alleghany Capital”), a wholly-owned accessory of Alleghany Corporation, today appear that its subsidiary, Jazwares, LLC (“Jazwares”), a all-around toy, entertainment, and agreeable apparatus company, has acquired the Russ Berrie™ and Applause™ brands. The Russ Berrie™ cast originated in 1963 and has historically included a array of allowance items, such as blimp animals, mugs, account frames, figurines, greeting cards, and stationery. The Applause™ cast has included stuffed toys and collectible figurines back 1966. These acclaimed brands were acquired from Larsen & Bowman Holdings Ltd. and Maple Licensing Ltd. through Jazwares’ affiliate, Zag Toys, LLC (“Zag Toys”), a baton in the collectibles industry.
Judd Zebersky, Chief Executive Officer and President of both Jazwares and Zag Toys, commented, “Russ Berrie™ and Applause™ are arch brands in their corresponding markets and we are captivated to add them to the Jazwares and Zag Toys portfolio. We attending advanced to leveraging the abundant history of these brands and growing their business through the addition of new articles and the access into new territories worldwide.”
“We are aflame to accept Jazwares and Zag Toys aggrandize on the bequest of Russ Berrie™ and Applause™ while abacus their different perspective, artefact development expertise, and all-around ability to breach new arena with these two admired brands,” declared Stacy Larsen, President of Larsen & Bowman Holdings Ltd.
David Van Geyzel, President and Chief Executive Officer of Alleghany Capital, added, “The acquirement of Russ Berrie™ and Applause™ follows Jazwares’ accretion of Zag Toys in February of this year and is a abundant archetype of the different opportunities arising from the Zag Toys transaction. We accept that Jazwares, through Zag Toys, will accommodate a solid abiding home for these acclaimed brands and are agog about their advance abeyant as allotment of the Jazwares platform.”
About Alleghany Capital Corporation
Alleghany Capital Corporation sources, executes, and oversees assertive investments and acquisitions for its ancestor company, Alleghany Corporation (NYSE:Y). Alleghany Capital’s automated investments include: (i) Bourn & Koch, Inc., a architect of attention apparatus accoutrement and accompanying parts, as able-bodied as a ambassador of accessible apparatus for the waterjet acid and apparent alertness markets; (ii) R.C. Tway Company, LLC (dba Kentucky Trailer), a architect of custom trailers and barter bodies for the affective and accumulator industry and added markets; (iii) W&W|AFCO Steel, a architect and architect of structural animate for commercial, manufacturing, and busline basement projects; and (iv) Wilbert Burial Services, a provider of articles and casework for the burial and cemetery industries and caked accurate markets. Alleghany Capital’s non-industrial investments include: (i) IPS-Integrated Project Services, LLC, a abstruse account provider focused on the all-around biologic and biotechnology industries; and (ii) Jazwares, LLC, a all-around toy, entertainment, and agreeable apparatus company. For added advice about Alleghany Capital Corporation, amuse appointment www.alleghanycc.com.
About Jazwares, LLC
Jazwares is a all-around baton in customer products, including toys, agreeable instruments and kid-friendly customer electronics. With over 20 years of design, development, and accomplishment expertise, Jazwares is an award-winning aggregation with a accelerating focus on anecdotic new trends and transforming them into aerial amount artefact for kids of all ages. Jazwares is headquartered in Sunrise, FL, and its articles can be begin on bristles continents and in over 85 countries. Jazwares’ portfolio includes backdrop such as Animal Jam™, Feisty Pets™, First Act™, Hotel Transylvania™, Minecraft™, Molang™, Nerf ™, Peppa Pig™, Roblox™ and abounding more. Jazwares’ ambition is to invent toys and related articles that are new to the marketplace, featuring the brands kids want. Zag Toys was afresh added to Jazwares’ ancestors of companies and is a arch customer artefact and licensing aggregation specializing in the design, sourcing, and administration of avant-garde collectibles based on trending pop-culture and gaming brands. For added advice about Jazwares and Zag Toys, please visit their websites at www.jazwares.com and www.zagtoys.com.
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