Toronto toy firm Spin Master acquires classic Etch A Sketch: report

BRYAN, Ohio -- The Ohio company that has produced or owned the Etch A Sketch for decades has sold the classic toy to a toy firm in Toronto.

See Full Article

Bryan-based Ohio Art Co. sold the Etch A Sketch and the spinoff Doodle Sketch to Spin Master Corp. for an undisclosed price. The Blade in Toledo reports Ohio Art announced the surprise move Thursday.

Its president, Martin Killgallon, says handing over the iconic toy is bittersweet but was done in consideration of the business's long-term future. The company plans to focus more on metal lithography, the craft on which it was founded over a century ago.

The Etch A Sketch was created by a French inventor. The brand was produced or owned by Ohio Art since 1960, when it bought the rights for $25,000.



Advertisements

Latest Economic News

  • Fact check: U.S. President Trump didn't get luxury-model Air Force One

    Economic CTV News
    KIRKLAND, Wash. -- A widely shared story that claims to include photos of a recently delivered plane that will serve as Air Force One for U.S. President Donald Trump is false. The pictures included in the story do not show the presidential plane and are conceptual renderings from an outfitter of luxury aircraft. Source
  • Manulife picks head of its Asia division as president

    Economic CTV News
    TORONTO - A relative newcomer to the senior ranks of Manulife Financial Corp. (TSX:MFC) has been picked to be the insurer's president, responsible for its global operations including Canada. Roy Gori, who joined the Canadian life insurance and wealth management company in early 2015, has been responsible for Manulife's Asia division. Source
  • Toshiba says Westinghouse files for bankruptcy protection

    Economic CTV News
    TOKYO -- Japan's embattled Toshiba Corp. said Wednesday that its U.S. nuclear unit Westinghouse Electric Co. has filed for bankruptcy protection, marking a key step in its struggles to stop the flow of massive red ink. Source
  • Ford recalls 440,000 vehicles for fire risk, door latch trouble

    Economic CBC News
    The Ford Fusion V6 Sport is seen in this promotional image. (Ford) Ford is recalling more than 440,000 vehicles in North America including more than 20,000 in Canada to fix problems that can cause engine fires and doors to open unexpectedly. Source
  • Ford recalls 440K vehicles for fire risk, door latch trouble

    Economic CTV News
    DETROIT -- Ford is recalling more than 440,000 vehicles in North America to fix problems that can cause engine fires and doors to open unexpectedly. The first recall covers over 230,000 Escape SUVs, Fiesta ST subcompacts, Fusion midsize cars and Transit Connect vans with 1.6-litre turbocharged engines from 2013 through 2015. Source
  • Ford recalls more than 570K vehicles for fire risk, door latch trouble

    Economic CTV News
    DETROIT -- Ford is recalling more than 570,000 vehicles in North America and Europe to fix separate problems that can cause engine fires and doors to fly open unexpectedly. The recalls will hit the company's bottom line in the first quarter of this year. Source
  • Canopy Growth to launch online marijuana store in April

    Economic CBC News
    Canada's biggest publicly traded marijuana company is readying a new online store to hawk its wares, in a move that hints at how legal marijuana sales might soon look. Canopy Growth Corp., which owns the Tweed, Mettrum, and Bedrocan brands of medical marijuana, will launch the Tweed Main Street store in the first half of April. Source
  • Will Canadians buy legal weed online? Canopy Growth is betting on it

    Economic CBC News
    Canada's biggest publicly traded marijuana company is readying a new online store to hawk its wares, in a move that hints at how legal marijuana sales might soon look. Canopy Growth Corp., which owns the Tweed, Mettrum, and Bedrocan brands of medical marijuana, will launch the Tweed Main Street store in the first half of April. Source
  • Strike averted as Purolator, Teamsters reach tentative agreement

    Economic CTV News
    MISSISSAUGA, Ont. - Purolator says it has reached a tentative contract agreement with Teamsters Canada ahead of today's strike deadline. The company says it is returning to normal operations and again accepting shipments after stopping them on Tuesday. Source
  • A 'hard Brexit' creates uncertainty for Canada on what's next for trade

    Economic CBC News
    As the United Kingdom triggers divorce negotiations with the European Union, Canadians are watching closely to see if this split can be amicable. If it's adversarial, and the Brexit terms are harsh, businesses may need to bail quickly or risk getting burned. Source