South Bend-based Round 2, a collectibles and toy company, named two new leaders.
The appointments include Richard Barry as chief executive officer and Matthew Lynn as chief financial officer. Tom Lowe, founder of Round 2, will become chairman.
Part of the Oklahoma-based Praesidian Capital portfolio, Round 2 offers model kits, die cast collectibles and slot cars to hobbyists.
Barry's background spans decades as a leader of toy companies, including CEO of Tru Kids, parent company of Global Toys “R” Us and Babies “R” Us. He also served as global chief merchandising offers of both brands.
“Round 2 has built a loyal customer base of enthusiasts through its commitment to innovation, quality, design, and detail,” Barry said in a press release. “Together with our talented teams in Indiana and Arkansas we will continue to create and deliver exceptional products that capture the hearts of our loyal enthusiasts and kids worldwide.”
Lynn has 15 years of experience in transaction and accounting advising. He most recently was the CFO for REAL Services, a nonprofit that serves older adults in Northern Indiana.
“I look forward to working closely with the team to drive strategic financial initiatives that support the company's continued growth and market presence,” Lynn said.
Round 2, which was founded in 2007, has license agreements with brands such as Johnny Lightning and Racing Champions, Star Wars and Star Trek, among others. The company acquired Big Country Toys in Arkansas in 2021. It designs and sells farm and rodeo toys.