PlayMonster to acquire Kahootz Toys.

PlayMonster, a toys and games company is set to acquire Kahootz Toys, a kids arts, and craft company. Financial terms were not disclosed. PlayMonster has made several acquisitions to strengthen their position in the toy industry, and Kahootz Toys was a natural fit with its commitment to classic and quality play, an initiative PlayMonster strives for, to meet the needs of today's consumers. "The addition of our products to PlayMonster's already impressive portfolio of children's toys and games is a win-win for everyone involved--our companies, licensors, suppliers, and customers. We look forward to helping PlayMonster champion the power of play by supporting continued growth and market penetration in the mass, specialty, and international marketplaces," Joe Yasseay, Kahootz Toys CEO and Founding Partner.