News

Jazwares acquires Kelly Toy and Kelly Amusements

April 8, 2020

Jazwares Llc., a toy and consumer products company and a subsidiary of Alleghany Capital Corporation, has acquired a majority stake in Kelly Toys Holdings Llc. and Kelly Amusement Holdings Llc.. Kellytoy is a manufacturer of everyday and seasonal plush toys.

"We are thrilled to be joining Jazwares and the Alleghany Capital family of companies," Jonathan Kelly, co-president of Kellytoy, said in a prepared statement. "We are confident that our combined talents and the synergies that will result from this transaction will benefit both companies." 

Kelly will serve as co-president of Kellytoy working alongside Laura Zebersky, co-president of Kellytoy and chief commercial officer of Jazwares.