An affiliate of Sun European Partners, LLP (“Sun European Partners”) has today announced the acquisition of Fábricas Agrupadas de Muñecas de Onil, S.A. (“Famosa”), Spain’s leading toy manufacturer.
Founded in 1957, Famosa designs, develops, manufactures and distributes toys throughout the world. The company owns and has developed several well known and successful brands including Nenuco, Barriguitas, Nancy, Jaggets, Pin y Pon and Feber. Famosa also has licensing agreements to develop, manufacture and design toys with some of the world’s largest entertainment and sports companies.
José de la Gándara, Managing Director of Famosa stated: “closure of this acquisition provides us with the keys to ensuring not only the company’s continuity but also its growth. Today we are very excited to be embarking on a new era which will undoubtedly contribute to cementing and reinforcing Famosa as a trailblazing Spanish toy maker in the national and international markets.”
Paul Daccus, Principal of Sun European Partners added: “We are very excited by this acquisition. Famosa is the leading toy manufacturer in Spain with an excellent portfolio of both owned and licensed products. We look forward to supporting José and his team to help the company expand its base of brands into new international markets whilst continuing to invest in its core product offering.
We have worked hard with the existing stakeholders to find a solution that ensures Famosa is well placed for a sustained period of profitable growth. I believe we have achieved that.”
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