Lakewood, NJ – October 2023 – BMI Merchandise (“BMI” or the “Company”), a leading distributor of merchandise used in redemption centers, direct-pay games, tickets or points-to-prizes games, and prize hubs located in family entertainment centers, announced that it has acquired Peek-a-Boo Toys (“PAB”) of Cinnaminson, NJ. PAB designs and manufactures plush toys for venues such as amusement parks, family entertainment centers, vending machines, and carnivals. The immediate addition of PAB’s plush characters to BMI’s catalog significantly expands each companies’ product offerings.
BMI and PAB joining forces represents the continuation of a long-standing working relationship between the two companies. “Today, we celebrate the joining of two families, BMI Merchandise and Peek-a-Boo Toys. Shelley Fernandez-Katz and I are excited to join forces with Peek-a-Boo CEO, Ari Ohnona, who we respect and have seen grow over the years. BMI’s expertise in redemption merchandise and technology, coupled with Peek-a-Boo’s quality and ingenuity in plush toy design, sets the stage for innovations that will redefine the industry landscape and strengthen both companies’ merchandise portfolios,” stated David Katz, CEO of BMI.
“PAB is a natural, strategic fit. The acquisition enhances BMI’s product offering and brings the Company into several new end markets. We couldn’t be happier to welcome Mr. Ohnona and his team into the BMI family,” said James Darnell, Managing Partner at KLH Capital.
For more information about this transaction, please contact James Darnell (jdarnell@klhcapital.com).
ABOUT BMI MERCHANDISE
Headquartered in Lakewood, NJ, BMI Merchandise is a leading value-added distributor of merchandise used in redemption centers, direct-pay games, tickets or points-to-prizes games, and prize hubs located in family entertainment centers, amusement arcades, bowling centers, restaurants, cruise ships, movie theaters, theme parks, skating centers, and sports complexes. BMI’s proprietary redemption technology allows it to monitor and manage store inventory, automate merchandise restocking, and collect data required for ongoing merchandising decisions on behalf of its customers. The Company’s Automated Merchandise Replenishment System™ (“AMRS”), aligns with every leading redemption POS system, ensuring accurate, efficient redemption merchandise management. Learn more at: www.bmimerchandise.com.
ABOUT PEEK-A-BOO TOYS
Based in Cinnaminson, NJ, PAB has designed plush toys for amusement parks, arcades, family fun centers, carnivals, and vending machines since 1995. With a staff of experienced plush toy designers, sales associates, logistic specialists, and quality control personnel throughout the supply chain, PAB has developed creative designs in the industry since its inception.
