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VOL. 40 | NO. 7 | Friday, February 12, 2016

Ohio company sells classic Etch A Sketch to Toronto toy firm

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BRYAN, Ohio (AP) — The Ohio company that has produced or owned the Etch A Sketch for decades has sold the classic toy to a toy firm in Toronto.

Bryan-based Ohio Art Co. sold the Etch A Sketch and the spinoff Doodle Sketch to Spin Master Corp. for an undisclosed price. The Blade in Toledo (http://bit.ly/1RvGIyr ) reports Ohio Art announced the surprise move Thursday.

Its president, Martin Killgallon, says handing over the iconic toy is bittersweet but was done in consideration of the business's long-term future. The company plans to focus more on metal lithography, the craft on which it was founded over a century ago.

The Etch A Sketch was created by a French inventor. The brand was produced or owned by Ohio Art since 1960, when it bought the rights for $25,000.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0