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Hudson sports toy maker files for bankruptcy
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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