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Funko announces acquisition of Underground Toys Limited

Pop culture giant Funko has announced that it has completed an agreement to acquire substantially all of the assets of Underground Toys Limited, a creator, manufacturer and distributor of licensed products that has worked with such brands as Star Wars, Marvel, Doctor Who and many more.

“Over the last two years our relationship with Underground Toys Limited has resulted in an extensive increase in the distribution of our products throughout Europe,” commented Brian Mariotti, CEO of Funko.

“This transaction will expand upon our already successful relationship and fully unite Funko with the Underground Toys Limited team to support and advance our international growth strategy. We are excited to apply our unparalleled creative design and speed-to-market capabilities to drive continued growth in the business and position ourselves to capitalize on the tremendous opportunities ahead.” 

Funko’s operation of the EMEA business will be led by Andy Oddie, who will assume the position of Managing Director–EMEA. 

“We have been Funko’s European distributor for some time now and are excited to join the world’s leader in pop culture licensing,” Oddie added. “Funko and Underground Toys Limited are a natural fit given our shared commitment to high-quality, stylized pop culture products and we see great opportunities to create compelling cross-category pop culture offerings by leveraging our combined skills and experience.”

“Funko and Underground Toys Limited are a natural fit given our shared commitment to high-quality, stylized pop culture products and we see great opportunities to create compelling cross-category pop culture offerings by leveraging our combined skills and experience.”

About Robert Hutchins

Robert Hutchins is the editor of Licensing.biz and ToyNews. Hutchins has worked his way up from Staff Writer to the position of Editor across the two titles, having spent some six years with both ToyNews and Licensing.biz, and what now seems like a lifetime surrounded by toys. You can contact him by emailing robert.hutchins@bizmedia.co.uk or calling him on 0203 143 8780 You can even follow him on Twitter @RobHutchins3 if ranting is your thing...

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