|Founded in 1957 by Lewis Galoob, Galoob Toys grew to become the third largest US toy manufacturer prior to its merger with Hasbro. The company registered sales of $240million in 1997 but had made losses in six successive quarters. Share prices had been falling for some time and no dividends had been paid for several years.
Galoob's leading product is Micro Machines (a miniature-scale vehicle line which, in its eleven year history from 1987-98, earned sales in excess of $1billion in the US alone), whilst other top brands include other small scale vehicles, Pound Puppies mini-dolls, Battle Squads military toys and Spice Girls fashion dolls.
Hasbro acquired Galoob in 1998. Until the merger, Galoob was listed on the New York Stock Exchange