Coleco Acquires Selchow & Righter
WEST HARTFORD, Conn. (AP) _ Coleco Industries Inc. could soon add Trivial Pursuit, Scrabble and Parcheesi games to a product line that already includes Cabbage Patch Kids dolls, if an acquisition announced Monday gains shareholder approval.
Coleco, based in West Hartford, said it has reached a definitive agreement to purchase Selchow & Righter Co. of Bay Shore, N.Y., which markets the popular board games, for $75 million in cash and notes.
Selchow & Righter was founded in 1867 and is privately held. Its shareholders were to meet later this quarter to vote on the deal. No date for the meeting was announced.