Hasbro has signed a letter of intent to sell two game manufacturing plants to Belgian game manufacturer Cartamundi, and is exiting the game manufacturing business, the company announced today. The larger of the two plants being sold is in East Longmeadow, Massachussetts. It employs over 350 people in 1.15 million square feet of space. The smaller is in Waterford, Ireland, with over 160 employees in 244,000 square feet. All employees are expected to be retained on comparable terms.
"The sale of these facilities will have no impact to Hasbro’s commitment to the Games category and the company will continue to invest in gaming," Hasbro’s statement said. The agreement is expected to close in Q3.
Caratamundi will use the facilities to continue to manufacture games for Hasbro, as well as making unused capacity available for other manufacturing customers.
Cartamundi has long been a manufacturer of choice for CCGs, and manufactured some of the earliest Magic: The Gathering products. It has manufacturing facilities in 10 countries and sales of around €199 in 2014.
Sells Plants to Cartamundi
Posted by Milton Griepp on July 15, 2015 @ 4:57 pm CT
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