Spin Master, a children's entertainment company, completed the acquisition of Melissa & Doug, a children's toys manufacturer, for $950m. "This acquisition brings together two formidable leaders in the toy industry, both driven by a passion to create magical play experiences for children and inspire imaginations on a global scale. By adding Melissa & Doug's complementary product line to our existing toy portfolio we expand our capabilities in early childhood play and further bolster Spin Master's leadership in the children's entertainment industry," Max Rangel, Spin Master Global President and CEO.