Made in America Makes Sense Again, K’nex Brands CEO Says via Philly.com

30 May

We’ve always loved K’nex.  They are a great American-made alternative to other construction toys such as Mega Bloks and Lego (some Legos are made in the USA though).

“It started as a moral decision,” K’nex Brands L.P. chief executive Michael Araten told the 375 people who attended a “Made in America” program presented by the Greater Philadelphia Chamber of Commerce at the Hilton Philadelphia City Avenue on Wednesday morning.

Repatriating $100 million in foreign investment back into the United States was based on sound business reasons, Araten said in an interview after the program. Though he would not disclose the dollar value of K’nex’s annual sales, he said it was up 10 percent from 2010. Through April of this year, it is up 22 percent, he said.

“If you looked at our profit-and-loss charts for the last three years, you would say, ‘What recession?’?” Araten said.

Check out the full article here:  http://articles.philly.com/2012-05-24/business/31826886_1_garment-factory-toys-china

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