For many companies, the 2008-09 recession was a time to scale back. But for Michael Araten, CEO and president of the toy company K’Nex Industries, it was a time to rethink and regroup.
K’Nex, which makes Tinkertoys and Lincoln Logs as well as its eponymous brightly colored building sets, followed the trend of offshoring in the late 1990s, and by the early 2000s had outsourced most of its toymaking to China.
