Crown Crafts (CRWS) Acquires Manhattan Toy
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Crown Crafts Acquires Manhattan Toy, a Leading Creator of Developmental Toys for Early Childhood
March 20, 2023 6:44 AM EDTGONZALES, La., March 20, 2023 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the Company) today announced that it has acquired Manhattan Group, LLC, doing business as Manhattan Toy, and its wholly owned subsidiary Manhattan Toy Europe. The acquisition expands Crown Crafts presence in the growing category of developmental toys for infants and toddlers. Manhattan Toys product offerings of plush, dolls and wooden toys will complement Crown Crafts existing line of Sassy toys.
The developmental toy category represents a tremendous growth opportunity as parents of young children turn away from electronics... More
