Korean company NXC buys Stokke | Key4Communications |

The Korean company NXC has bought Stokke, Norwegian baby products manufacturer. The transaction will be completed in early 2014 and the financial details have not been released.

Stokke was founded in 1932 and has since remained in the hands of the founding family. The company has products in major babycare categories, including strollers, baby carriers, car seats, high chairs, home textiles, and children's furniture. In June the firm hired Goldman Sachs to consider new strategic options and the Norwegian press points to a starting sale price around $483 million, according to Bloomberg.

NXC was founded in 1989 and is the main shareholder of the video game company Nexon. The company would have bought Stokke order to expand into the children's market, especially in China. NXC also acquired in June the online toy store Brick Link, specializing in Lego products.