LeGlue is a company that makes a temporary adhesive for Legos. The company was founded in 2014 by Tripp Phillips, a 9-year-old boy who was frustrated with the fact that his Lego creations would fall apart when he played with them. Le Glue is a non-toxic, water-soluble adhesive that can be used to hold Legos together without making them permanent.
LeGlue appeared on the tenth season of ABC’s Shark Tank in 2018. Tripp and his father, Lee, pitched the company to the Sharks, seeking $80,000 for 15% of the business. The Sharks were impressed with Tripp’s business acumen and his product, but they were also concerned about the potential for competition from other companies. Ultimately, Kevin O’Leary made a deal with Tripp and Lee, offering them $80,000 for 25% of the business with a 50% royalty on any licensing deals until he gets his money back, then his equity goes to 20%.
Since appearing on Shark Tank, LeGlue has seen a significant increase in sales. The company is now available in over 1,000 stores across the United States and Canada. Le Glue is also available online through the company’s website and Amazon.
In 2020, Le Glue was acquired by the toy company Mega Brands. Mega Brands is the maker of Mega Bloks, a popular line of building blocks that competes with Lego. The acquisition of Le Glue by Mega Brands is a testament to the success of the company and its product.
Le Glue is a great example of a company that was able to use Shark Tank as a platform to launch its business and reach a wider audience. The company is now available in stores across the United States and Canada, and it is also available online. Le Glue is a great product for kids of all ages, and it is sure to provide hours of fun and creativity.
Here are some frequently asked questions about Le Glue:
What is Le Glue? Le Glue is a temporary adhesive for Legos. It is a non-toxic, water-soluble adhesive that can be used to hold Legos together without making them permanent.
Who owns Le Glue? Le Glue is owned by Mega Brands. Mega Brands is the maker of Mega Bloks, a popular line of building blocks that competes with Lego.
Did Le Glue make a deal on Shark Tank? Yes, Le Glue made a deal on Shark Tank. Kevin O’Leary made a deal with Tripp and Lee, offering them $80,000 for 25% of the business with a 50% royalty on any licensing deals until he gets his money back, then his equity goes to 20%.
Where can I buy Le Glue? Le Glue is available in over 1,000 stores across the United States and Canada. Le Glue is also available online through the company’s website and Amazon.
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