News Item: Franklin Mint Sold
Wednesday, October 18. 2006
PHILADELPHIA (AP) - October 17, 2006 - The Franklin Mint, once the world's largest collectibles maker but now engaged in a battle against changing consumer tastes, was sold to a group of private investors.
A group led by executives from Hicksville, N.Y.-based The Morgan Mint bought The Franklin Mint from Roll International Corp., a privately held firm based in Los Angeles. The new ownership group includes Hollywood producer David Salzman, who describes himself as "at times, an out-of-control collector of stuff."
M. Moshe Malamud, chairman of The Morgan Mint, and Steven Sisskind, the coin and stamp marketing company's chief executive, will hold the same positions at the Franklin Mint, which will be moved out of its current headquarters west of Philadelphia.
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A group led by executives from Hicksville, N.Y.-based The Morgan Mint bought The Franklin Mint from Roll International Corp., a privately held firm based in Los Angeles. The new ownership group includes Hollywood producer David Salzman, who describes himself as "at times, an out-of-control collector of stuff."
M. Moshe Malamud, chairman of The Morgan Mint, and Steven Sisskind, the coin and stamp marketing company's chief executive, will hold the same positions at the Franklin Mint, which will be moved out of its current headquarters west of Philadelphia.
Read the full article here
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