Ravensburger, a leading puzzle manufacturer, has acquired a majority stake in Steiff, the renowned German company famous for its plush toys, particularly teddy bears with the signature button in the ear. The sale comes as the heirs of Margarete Steiff, the company’s founder, have decided to divest their majority ownership. Ravensburger intends to leverage the acquisition to diversify its product portfolio and expand its presence in the toy market. Financial details of the transaction were not disclosed. Steiff will continue to operate as a separate entity under the Ravensburger umbrella, maintaining its brand identity and production in Germany. The move signals a strategic shift for Ravensburger, moving beyond puzzles into the broader world of classic toys. This acquisition preserves a significant piece of German cultural heritage while positioning Ravensburger for future growth.