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CRA-Z-ART completes acquisition of Joker AG creating the world's largest manufacturer of multi-compounds for kids

Feb 05, 2025•11 months ago

Acquiring Company

CRA-Z-ART

Acquired Company

Joker AG

RandolphOsloFashionManufacturingRetail

Description

CRA-Z-ART, a leading U.S. manufacturer of toy, activity, art, and school supply products, proudly announces the acquisition of Joker AG, establishing the world's largest global manufacturer of multi-compounds for kids. This strategic acquisition reinforces CRA-Z-ART's commitment to innovation and quality, with the aim of introducing even more exciting and diverse products to consumers worldwide.

Company Information

Company

CRA-Z-ART

Location

Randolph, New Jersey, United States

About

CRA-Z-ART is a leading U.S. manufacturer and innovator in the toy, activity, art, and school supply industries. With a management team that brings over 150 years of combined experience, the company is deeply attuned to the needs of retailers and the desires of consumers. CRA-Z-ART offers a wide range of original, creative, exciting, and trendy products across various categories.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed