Toy market news

Amscan announces new CEO and first executive chairman

Amscan International has announced its chief executive officer, Gary Panons, will become the company’s first executive chairman and be succeeded by current chief financial officer and chief operating officer, Joe Hennigan, on April 1, 2022.

The Milton Keynes-headquartered global designer, manufacturer, distributor, wholesaler and retailer of party products and supplies has revealed the change as it prepares for further national and international growth.

The company has a turnover of more than £250m and employs around 2,500 people worldwide. In addition to Amscan, its brands include UK online party supplies retailer Party Delights and Ginger Ray.

Last January, Amscan International underwent a management buy-out supported by Leeds-headquartered private equity firm Endless.

This was quickly followed by two significant bolt-on acquisitions comprising Germany-based foil balloon printing technology business Luftballon-Markt in August and Ginger Ray in October.

Gary joined Amscan International in 2011 when the company he was managing director of, Christy’s by Design, was acquired by the business.

Before arriving at Amscan International in 2016, Joe spent 12 years working for business advisory firm PwC in the UK and US. He joined Amscan International as chief financial officer before also becoming chief operating officer in 2019.

Also from April 1, 2022, current group finance director Rob Sidell will become chief financial officer. He joined the business last October from the international bathroom and kitchen product supplier, Norcros.