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Fisher-Price

Fisher-Price, Inc. is an American company that produces educational toys for infants, toddlers and preschoolers, headquartered in East Aurora, New York. It was founded in 1930 during the Great Depression by Herman Fisher, Irving Price, Helen Schelle and Margaret Evans Price.

Fisher-Price has been a wholly owned subsidiary of Mattel since 1993. Notable toys from the brand include the Little People toy line, Power Wheels, View-Master, Rescue Heroes, the Chatter Telephone, and the Rock-a-Stack. The company also manufactures a number of products and toys designed for infants.

Fisher-Price was founded in 1930 during the Great Depression by Herman Fisher, Irving Price, Price's illustrator-artist wife Margaret Evans Price and Helen Schelle. Fisher worked previously in manufacturing, selling and advertising games for a company in Churchville, New York. Price had retired from a major variety chain store and Helen Schelle previously operated Penny Walker Toy Shop in Binghamton, New York. Fisher-Price's fundamental toy-making principles centered on intrinsic play value, ingenuity, strong construction, good value for the money and action. Early toys were made of heavy steel parts and ponderosa pine, which resisted splintering and held up well to heavy use. The details and charm were added with colorful lithographic labels. Mrs. Price was the first Art Director and designed push-pull toys for the opening line, based on characters from her children's books.

The mayor of East Aurora, New York supported Fisher by raising $100,000 in capital. In 1931, three of the four founders took 16 of their wooden toys to the American International Toy Fair in New York City and they quickly became a success. The first Fisher-Price toy ever sold was "Dr. Doodle" in 1931. In the early 1950s, Fisher-Price identified plastic as a material that could help the company incorporate longer-lasting decorations and brighter colors into its toys, introducing "Buzzy Bee"[when?] as the company's first. By the end of the 1950s, Fisher-Price manufactured 39 toys incorporating plastics.[circular reference]

During the 1960s, the Play Family (later known as Little People) product line was introduced and soon overtook the popularity of earlier toys. The 'Family House' was one of the more popular Little People playsets. Herman Fisher retired at the age of 71 in 1969 and The Quaker Oats Company bought Fisher-Price the same year.

In April 1990, Quaker Oats announced that they would spin off Fisher-Price as a publicly traded company, of which their shareholders would control the company. This was following struggling sales and competition from rival toy companies. The deal was completed at the end of June 1991, with the company trading on the New York Stock Exchange.

On August 20, 1993, Mattel and Fisher-Price announced that they had agreed to merge for $1 billion to create a single company. Fisher-Price's company assets would be folded into Mattel although they would keep their New York-based offices. The deal closed at the end of November, and Fisher-Price became a fully owned subsidiary. A new management group set the company's focus on basic, infant and preschool products and began expansion into international markets. By 1997, Mattel decided to market all of its preschool products under the Fisher-Price name.

In 2004, Royal Caribbean Cruise lines launched Fisher-Price Cabanas, play laboratories[clarify] for children on each of their cruise ships.

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American company that produces toys for infants and children
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