An Indianapolis-based manufacturer and marketer of die-cast vehicle replicas and related products has added to its portfolio. GreenLight Collectibles LLC has acquired Iowa-based Highway 61 Collectibles.
Financial terms of the deal were not disclosed. GreenLight says it plans to relaunch Highway 61’s 1:18 scale molds that were discontinued in 2012 and make them available to collectors later this year.
"When approached with the opportunity to acquire the Highway 61 Collectibles brand and mold families in early 2016, we were excited to engage in an immediate discussion and negotiation," said Russell Hughes, president of GreenLight Collectibles. "We’ll do our best to relaunch Highway 61 with our vault of highly sought-after licenses and will utilize our design creativity to introduce some new concepts that have never been seen in high-end 1:18 scale model car offerings."
This is GreenLight’s second acquisition in the past year. The company acquired Kentucky-based First Response Replicas in July.