Mattel, Inc. is an American multinational toy manufacturing company founded in 1945. They purchased HiT Entertainment from its previous owners, Apax Partners, for a sum of $680,000,000 (USD) in 2012. HiT Entertainment merged with Mattel's production company, Mattel Playground Productions to form Mattel Creations.
The company was founded by Harold Matson and Elliot Handler in 1945. They are most famous for their toy products such as Barbie, Monster High, Polly Pocket, Matchbox, Disney-Pixar Cars and Hot Wheels.
Fisher-Price, the manufacturer of the TrackMaster, Take-n-Play, Adventures, Wooden Railway and Minis ranges (as well as many other Thomas-related toys) is a subsidiary of Mattel. They also took over the rights from Polly Pocket after Bluebird Toys closed. In 2014, they acquired MEGA Brands, which includes the Mega Bloks range.