Alleghany Capital Corporation Announces Jazwares’ Acquisition Of Wicked Cool Toys
October 2, 2019
NEW YORK, Oct. 1, 2019 – Alleghany Capital Corporation (“Alleghany Capital”), a wholly-owned subsidiary of Alleghany Corporation, today announced that its subsidiary, Jazwares, LLC (“Jazwares”), a leading toy and consumer products company, has acquired Wicked Cool Toys Holdings, LLC (“WCT” or the “Company”).
Michael Rinzler, Co-President and Founding Partner of WCT, stated, “We are excited to join Jazwares and the Alleghany Capital family of companies. Jazwares is a perfect strategic and cultural fit for WCT, driven by the vision and leadership of Judd and Laura Zebersky. In addition, we believe that Alleghany Capital’s long-term investment horizon and strategy of supporting entrepreneurial companies such as Jazwares and WCT will accelerate our combined growth potential.”
Jeremy Padawer, Co-President and Partner of WCT, added, “Jazwares’ product development expertise, global reach, and extreme passion for play will allow us to break new ground together in the toy industry and beyond.”
Wicked Cool Toys will operate as a division of Jazwares and day-to-day operations will not be impacted by this transaction.