Robosapien manufacturer buys New York-based company for an undisclosed sum.
The deal will introduce a range of lower-priced products to WoWee's portfolio and allow access to extra distribution channels. The firm's technological strength and operational organization will also be strengthened.
Think Tank Toys manufactures plush toys, action figures, promotional toys and a range of licensed lines including Hannah Montana, High School Musical and Mr. Men.
The company was founded in late 2006 by toy industry veteran Scott Bachrach, its president and CEO.
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