Hasbro completes sale of manufacturing facilities

HASBRO INC. said it has completed the sale of its manufacturing locations in East Longmeadow, Mass. and Waterford, Ireland to the Cartamundi Group.
HASBRO INC. said it has completed the sale of its manufacturing locations in East Longmeadow, Mass. and Waterford, Ireland to the Cartamundi Group.

PAWTUCKET – Hasbro Inc. said it has completed the sale of its manufacturing locations in East Longmeadow, Mass., and Waterford, Ireland, to the Cartamundi Group, according to a news release.

The specific terms of the transaction have not been disclosed.
“I want to thank our employees who have transitioned to Cartamundi for their hard work and dedication to ensure a smooth and successful transition,” Duncan Billing, executive vice president, chief global operations and business development officer for Hasbro Inc., said in a statement. “We look forward to continuing to work with Cartamundi and this talented workforce – albeit in a different capacity – as we continue to manufacture Hasbro’s ever-popular board games at both these sites.”

The company last month signed a letter of intent to sell the two manufacturing plants to the Cartamundi Group in Belgium.

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