The original company was established when Isidor Rosen founded the Rosebud Art Company in
New York City in 1923. During the 1970s, the company renamed itself RoseArt. In 2005, Isidor's son, Sydney, and his two sons sold RoseArt to Mega Brands. In September 2006, the Rosens, as former owners of Rose Art Industries, filed suit against Mega Brands, alleging
insider trading by company executives in 2005 and 2006. Mega Brands counter sued and in November 2009 the parties settled. The Rosens agreed to pay back $17.2 million and forgo claims of an additional $54.8 million. Early in 2021, LaRose Industries, announced it purchased the RoseArt brand from Mattel. The purchase reunites the RoseArt brand with the Rosen family. ==See also==