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Propel Equity Partners invested in toy and game-maker POOF-Slinky Inc., with the companies not disclosing financial terms.
Formerly MCC Capital Partners, Propel is based in Greenwich and is led by MCC”™s managing partner Michael Cornell, who previously was a senior executive with Jarden.
POOF-Slinky is best known for its iconic metal Slinky and derivative products, as well as POOF foam balls and other toys and games. The company employs more than 125 people at its Plymouth, Mich. headquarters and in Hollidaysburg, Pa.
Slinky was developed in 1943 by naval engineer Richard James as part of work with cushioning devices for warships; some 300 million Slinky”™s have since been sold.
