Spin Master Acquisition of Orbeez™

Foley & Lardner represented Maya Toys in the acquisition of its award-winning Orbeez brand and others brands by Spin Master Corp. (TSX:TOY).

The Huntington Beach, Calif.-based Maya Toys is an innovative toymaker with product categories including Arts & Crafts, Beauty & Fashion Play, Creative Play, Outdoor Play and Novelty Toys.

Maya Toys’ Orbeez water beads grow to a round form when water is added. The versatile technology behind Orbeez can be applied to a variety of toys, ranging from arts-and-crafts sets to pampering products. Spin Master plans to add Orbeez and other Maya Toys brands to its growing Activities segment line.

Partner Beni Surpin (Picture) and senior counsel Chris Babcock lead the Foley team, which also included associates Rachael Mozelewski and Molly Richey.

Involved fees earner: Christopher Babcock – Foley & Lardner LLP; Rachael Mozelewski – Foley & Lardner LLP; Molly Richey – Foley & Lardner LLP; Beni Surpin – Foley & Lardner LLP;

Law Firms: Foley & Lardner LLP;

Clients: Maya Toys;

Author: Ambrogio Visconti