Hasbro is a multinational toy and boardgame company from the United States of America. It is one of the largest toy makers in the world. The corporate headquarters is located in Pawtucket, Rhode Island, United States. The majority of its products are manufactured in East Asia.
In 1923,two brothers?Henry and Helal Hassenfeld?founded Hassenfeld Brothers, a textile remnant company in Hasbrouck Heights, New Jersey. Over the next two decades, the company expanded to produce pencil cases and school supplies. In the 1940s, Hassenfeld Brothers produced doctor and nurse kits, its first toys.
Hassenfeld Brothers' first toy hit was Mr. Potato Head, which the company purchased from inventor George Lerner in 1952. The toy was a smash success. In 1964, Hassenfeld Brothers produced the G.I. Joe toy, which they termed an "action figure" in order to market the toy to boys who wouldn't want to play with "dolls." The company shortened its name to Hasbro Industries in 1968. The company's promotional efforts included the catchphrase "Boy Oh Boy! It's A Hasbro Toy!" in television commercials and prints ads.?
The company acquired the Milton Bradley Company in 1984 (and operated under the name "Hasbro Bradley" until 1986), bringing The Game of Life, Candy Land, Twister, Chutes and Ladders and Yahtzee into the Hasbro fold, and found continued success in 1984 with the release of the first Transformers toys.
In 1986, Hasbro acquired Playskool, which purchased Mr. Potato Head from Hasbro that year. Parker Brothers was purchased by Hasbro in 1991, and with it Monopoly, the most successful commercial board game of all time.
Hasbro, Inc. is now the parent company of several subsidiaries. The toys and games produced by these companies retain their brand identity, which is an important advertising consideration. Many of Hasbro's games have been around so long that they have entered into popular culture.
In 1998 Hasbro bought Avalon Hill for $6?millionand in 1999 Wizards of the Coast was bought in a deal worth $325?million.Wizards of the Coast is now a subsidiary of Hasbro and has Avalon Hill as its division.