Through the progression of technology, deal toys can be made in different types of ways with Lucite. Companies don’t have to settle for the traditional Lucite slabs with a sheet embedded with relevant details of a financial deal. Lucite deal toys can be of different shapes and designs. As a matter of fact, Lucite deal toys can now be made in custom made designs appropriate for construction, consumer retail, defense & aerospace, education, energy & power, finance, food & beverage, global, healthcare, media & entertainment, real estate & housing, sports, technology, transportation, and more. Also, some Lucite deal toys are eco-friendly.
The Effects of the Economy
Another great thing about Lucite deal toys is the fact that there is no restriction on what can be announced on them. After the crash of 1929, the federal government intervened with the Lucite tombstones which was the only type of Lucite deal toy created in that period. The Securities Act of 1933 placed strict requirements on banks in what advertisements they can run. By that time, the tombstone ad was the format that banks and other companies utilized in publicizing financial transactions, like initial public offerings.
The Lucite deal toys’ business has been booming quite well after the hardship of the Great Depression age, even though there was great anxiety in 2012. In late 2012, there was a fiscal cliff when spending cuts set in and taxes increased. However, the deal toy market started back growing as various mergers and acquisitions surged in 2013. According to the investment banking consulting and technology firm, Dealogic, the total US value in mergers and acquisitions for January and February 2013 grew 93 % in comparison to the previous year. Also, normally companies may order at least 20 Lucite deal toys for employees who were involved in the deal.
Other than that, the following are examples of how the Lucite deal toy market has gotten back on track since 2012:
- GDN, a deal toy company located in Manhattan, stated that orders doubled in January and February 2013.
- GDN now has deal toys’ orders for six deals that are worth $1.3 billion to over $20 billion.
- The Corporate Presence, a deal toy company, has been having a significant growth in 2013 in orders throughout the US and abroad.
- Refresh Creations, another deal toy company, stated that they have seen fewer orders for restructuring and bankruptcy deal toys and more orders for mergers and acquisitions.
- Big banks still have strict budget regulations, but they are little more flexible in deal toys for some larger deals.
The Bottom Line
The deal toy business is still thriving; however, they are far from the pre-financial crisis budget or mentality. Smaller boutique firms didn’t have severe budget cuts as the big guys. These small companies utilized deal toys as branding tools and as a way to compete with bigger companies. Harsh lessons were taught from the Great Depression Age, and with certain economy fluctuations and nosedives, such as in 2008 and 2012. Therefore, there will be skepticism for some time to come when it comes to regulating budgets.