Spin Master


Spin Master is a Canadian global toy and entertainment company marketing consumer products for children. Its brands include Bakugan, Gund, Etch A Sketch, Erector Set by Meccano, Air Hogs, PAW Patrol, Aquadoodle, Tech Deck, Hatchimals, and Zoomer.
Spin Master employs over 1,600 people globally with offices in Canada, United States, Mexico, France, Italy, United Kingdom, Slovakia, Poland, Germany, Sweden, the Netherlands, China, Hong Kong, Japan, Vietnam, and Australia.
Since 2002, Spin Master has received 92 TIA Toy of The Year nominations with 28 wins across a variety of product categories, including 13 TOTY nominations for Innovative Toy of the Year, more than any other toy company.

History

Three college friends from Western Ivey Business School, Ronnen Harary, Anton Rabie and Ben Varadi, founded Spin Master with $10,000 in Toronto in 1994. The company's first product, Earth Buddies, was a small head made out of Kmart pantyhoses and grass seeds, which grew "hair" when watered. The Earth Buddy went on to sell over 26,000 units.
Spin Master's first major success came in 1998 with the launch of the Air Hogs brand, and its first item, the Sky Shark. Developed from the prototype provided by inventors John Dixon and Peter Manning, the Sky Shark was a foam plane that used compressed air to enable outdoor flight. Product development took over two years and more than $500,000, but ended up generating $103 million in revenue over the next few years. The Sky Shark put Spin Master on the map, becoming one of the most popular toys in the world and earning them a slot on daytime television Regis and Kathie Lee alongside other international press.
The company, which had grown to 28 employees by 1999, told the LA Times they were already “assessing 1,000 inventions a year.” They’d moved their manufacturing supply chain to Hong Kong in 1998 and were ready to rise as a new name in the toy industry.
The company scored another success in 1999, with Flix Trix Finger Bikes, a string of 1/2 inch replicas of BMX bikes. In 2003, the company made its first corporate acquisition buying Bounce ‘Round, a company that created scaled down versions of the inflatable bouncy castles. Over the next handful of years, Spin Master opened offices in the U.S., Japan and Western Europe.
In 2008, Spin Master launched the Bakugan Battle Brawlers franchise, a card game developed in conjunction with Sega Toys, featured plastic balls which burst open to reveal anime-style characters. Bakugan reached almost $1 billion in yearly sales.
Under Harary's leadership, Spin Master Entertainment launched with Bakugan Battle Brawlers the animated action adventure television series under the direction of Mitsuo Hashimoto. To date, Spin Master Entertainment has developed six television series with over 400 cumulative episodes. Abby Hatcher, Fuzzly Catcher, Spin Master's newest animated preschool series debut on Nickelodeon on January 2019 in the U.S. The show centers on Abby and her new friends the Fuzzlies, who are amazing and quirky creatures that live in her family's hotel. Together with her best Fuzzly friend Bozzly, Abby goes on wild adventures to fix Fuzzly mishaps and help them in any way she can.
In August 2013, Spin Master acquired the Erector Set by Meccano construction set line. In June 2015, Spin Master entered into an agreement to acquire Cardinal Industries, a 60-year-old game and puzzles company. The purchase made Spin Master the second largest games company in the U.S. A month after announcing it was buying Cardinal, Spin Master made its initial public offering on the Toronto Stock Exchange.
In January 2016 Spin Master purchased the library of board games owned by Editrice Giochi SRL, one of the oldest privately held toy game companies in Italy. In February 2016, Spin Master bought the Etch A Sketch and Doodle Sketch brands from The Ohio Art Company for an undisclosed price. In April 2016, Spin Master purchased digital toy makers Toca Boca and Sago Mini from the Bonnier Group of Sweden. In August 2016 Spin Master diversified into the water and outdoor sports category through the acquisition of Swimways corporation.
In 2017, Spin Master acquired Marbles, a firm known for creating games, gifts and gadgets and the maker of Otrio; Aerobie, a leading producer of outdoor flying disks and sports toys; and Perplexus, a 3D ball-in-a-maze Spin Master had been distributing since 2013.
In March 2018, Spin Master acquired the 120 year old stuffed toy brand Gund. Spin Master is now a $1.5 billion company, which employs over 1,600 people in 16 countries.

Spin Master Toys

NASCAR Collectibles and Controversy

In late 2011, Spin Master released a series of NASCAR Toys including replica 1/64th scale cars, haulers, pull back cars, remote control cars, and Bashers. This marked the return of NASCAR in the retail toy aisles since late 2010 when Action pulled the plug. In late 2015, Spin Master stopped making the diecasts due to a Wave Three issue in their 2015 line where a Jeff Gordon diecast had alcoholic logos and had to be recalled, sparking the controversy and ultimately leading Spin Master to stop producing the Nascar diecasts and Lionel to take over.

Spin Master Games

Spin Master Games is the board game division of the company. Spin Master also owns Cardinal Industries and Editrice Giochi board and card game publishers. Spin Master Games publishes titles such as: