EL SEGUNDO, Calif., June 2 /PRNewswire-FirstCall/ -- Last night, a major
thunderstorm swept through the Dallas-Ft. Worth area causing damage to a
Mattel distribution center, which distributes and warehouses finished product
for the company. While there was structural and water damage to the building,
there were no reports of injuries to Mattel employees.
The distribution center, located in Ft. Worth, is the primary U.S.
warehouse for Mattel's girl-branded products and a selected array of games and
puzzles. The company is working to assess the amount of product damaged and
minimize the impact to the business and its customers.
According to Tom Debrowski, executive vice president of worldwide
operations for Mattel, the company expects to have the facility fully
operational within the next few days.
The company carries insurance on its inventory. The facility, which
Mattel leases, is insured, as well.
About Mattel
Mattel, Inc., (NYSE: MAT) (http://www.mattel.com) is the worldwide leader in the
design, manufacture and marketing of toys and family products, including
Barbie(R), the most popular fashion doll ever introduced. The Mattel family
of toys and games is comprised of such best-selling brands as Hot Wheels(R),
Matchbox(R), American Girl(R), and Fisher-Price(R), which also includes Little
People(R), Rescue Heroes(TM), Power Wheels(R), as well as a wide array of
entertainment-inspired toy lines. With worldwide headquarters in El Segundo,
Calif., Mattel employs more than 25,000 people in 36 countries and sells
products in more than 150 nations throughout the world. The Mattel vision is
to be the world's premier toy brands -- today and tomorrow.
Note: Forward-looking statements with respect to the financial condition,
results of operations and business of the company are subject to certain risks
and uncertainties that could cause actual results to differ materially from
those set forth in such statements. This release contains forward-looking
statements about the impact of storm-related damage on a Mattel facility and
Mattel's business and the company's expectation of when such facility can be
made fully operational. These statements are subject to the risks that the
damage may be greater than anticipated and that the time and effort needed to
restore the facility to full operational status may take more time than
anticipated as a result of such damage and the inherent challenge of repair
projects, as well as other risks and uncertainties as may be detailed from
time to time in the company's public announcements and SEC filings. Mattel
does not update forward-looking statements and expressly disclaims any
obligation to do so.
SOURCE Mattel, Inc.
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Related links:
http://www.mattel.com
Company News On-Call:
http://www.prnewswire.com/comp/540363.html
CONTACT:
Lisa Marie Bongiovanni of Mattel, Inc.,
+1-310-252-3524, lisamarie.bongiovanni@mattel.com
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