Crown Crafts completed the acquisition of Manhattan Toy for $17m.

Crown Crafts, a company that designs, markets and distributes infant, toddler and juvenile consumer products, completed the acquisition of Manhattan Toy, a company that offers a wide variety of toys, dolls, plush products and games, for $17m. “The developmental toy category represents a tremendous growth opportunity as parents of young children turn away from electronics and toward more physical toys that bring joy, imagination and creativity to play. Manhattan Toy adds new and exciting products to our portfolio, expands our customer base and opens up new distribution channels, including international expansion. We are greatly impressed with Manhattan Toy’s operations and its excellent design team, and welcome them to the Crown Crafts team,” Olivia W. Elliott, Crown Crafts President and CEO.