July 13, 2017

Hudson sports toy maker files for bankruptcy

Oyo prints players designs on to already produced blank parts, allowing them to respond quickly to changes in demand.

Oyo Sportstoys, a maker of sports mini-figures and toys, has filed for Chapter 11 bankruptcy, according to court documents.

The Hudson company has between $1 million and $10 million in estimated assets, and about the same in estimated liabilities, according to a Tuesday filing signed by company President Thomas Skripps.

The six-year-old company raised $14 million in its first five years, according to the Marlborough Economic Development Corp. In 2015, it received a 10-year, tax-increment-financing agreement from the city to spend $8 million improving its facility in exchange for 195 new jobs.

The company did not immediately respond to a request for more details Thursday morning.

CORRECTION: A previous headline and version of this article misidentified the location of OYO Sportstoys. The company moved from Marlborough to Hudson recently so Hudson is its current headquarters.

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