Richard Keats, founder of Kaywood Industries, died on April 7 at the age of 97, leaving behind a legacy of toy innovation.
Keats was a U.S. Navy Veteran as well as a graduate of Brown University. Following his degree, Keats joined his father’s company — Buddy L Toys — in 1948. After his father’s retirement in 1976, Keats took over and ran the company until it was sold to SLM in 1990.
This wasn’t the end of Keats’ toy industry career. With experience from his time at Buddy L, he founded Kaywood Industries and continued to design and invent new toys. The company went on to license products to industry leaders including Fisher-Price, Mattel, Hasbro, and Spin Master.
Products that saw success with Kaywood Industries include Brush Your Teeth Barney, Playtime Big Bird, Flatsy, MakeUp Mindy, and more. Keats attended Toy Fair and the Dallas Fall Toy Preview trade shows yearly until 2019, demonstrating his deep investment in the world of toys.
The toy industry has lost a talented and passionate inventor and designer. Keats passed away peacefully, and celebrated his 97th birthday on April 1.
Keats is survived by his daughters Maggie and Trish. The family encourages donations to be made to the American Parkinson’s Disease Association.
The team at The Toy Book sends its condolences to Keats’ family.
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