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    Wham-O, Inc.

    6301 Owensmouth Ave #700Phone: +1-818-963-4200
    Woodland HillsCAFax: +1-510-596-4292
    91367
    United StatesMap Map This Company
    http://www.wham-o.comHoover's coverage by Catherine Colbert

    Overview

    In 2009 Aguilar purchased Wham-O from Hong Kong's Cornerstone Overseas Investment, which had held the toy company since 2006. Aguilar was drawn to Wham-O because he, as owner and operator of Manufacturing Marvel, was already making some of Wham-O's products in his factories in the US, China, and Mexico. Aguilar and fellow investors saw opportunities for growth for Wham-O and its iconic products portfolio and had an emotional attachment to the company's names toys.

    Since purchasing Wham-O, Aguilar bought Sprig Toys, a Colorado firm that made eco-friendly preschool toys. The purchase enables Wham-O to make green Frisbees, Hula Hoops, and other products, from recycled plastic.

    Before Aguilar arrived, Cornerstone made an attempt to sell the toy maker. Then-owned by Raylin Hsieh, Cornerstone had struck a deal in 2008 with Grand Toys, which is majority controlled by her husband, Jeff Hsieh, to sell Wham-O for $35 million. Grand Toys had hoped the acquisition would help it build a world-class branded platform of outdoor, leisure, and specialty toy products. However, the deal later fell through because Grand Toys was unable to secure enough investor interest to proceed with an acquisition.

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