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Tegu (toy company) facts for kids

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Tegu
Trade name
Tegu
Native name
 
 
Formerly
 
Private
Traded as  
ISIN [1]
Industry Manufacturing
Genre  
Fate  
Predecessor  
Successor  
Founded 2006
Founder Chris Haughey
Will Haughey
Defunct  
Headquarters Rowayton, Connecticut, United States and Tegucigalpa, Honduras,
 
,
 
Number of locations
  ( )
Area served
Worldwide
Key people
Chris Haughey, Will Haughey (Founders)
Products Magnetic wooden toy blocks
Revenue $8 Million (2019)
Footnotes / references
 

Tegu is a special toy company that makes magnetic wooden blocks. These unique toys are sold all around the world. The company was started in 2006 by two brothers, Chris and Will Haughey. Tegu's main goal is to help the country of Honduras. They do this by creating good jobs, planting trees, and even helping to fund schools for children.

Discover Tegu: Magnetic Wooden Blocks

Tegu is famous for making the very first magnetic wooden blocks. These blocks are crafted from different types of wood, like Huesito, Mahogany, Beech, and Primavera. The company's name, Tegu, comes from Tegucigalpa, which is the capital city of Honduras.

How Tegu Began

The founders of Tegu, Chris and Will Haughey, grew up in New Zealand before moving to the United States. They often went on trips to help people in developing countries. These experiences made them want to create a business that could make a positive difference in the world.

Chris Haughey studied engineering and later worked as a consultant. During a business trip to Honduras, he was inspired by the culture and the people he met. He decided he wanted to start a company in Tegucigalpa that would help the local community. After a lot of research, Chris left his job in March 2007 to start Tegu.

His brother, Will Haughey, also had a successful career in finance. He joined Tegu full-time in May 2008. Together, they built Tegu into a company that combines fun toys with a strong social mission.

Making a Difference in Honduras

Tegu is committed to helping Honduras in several ways. They provide stable and fair jobs for people in the country. This helps families and communities grow stronger.

The company also cares about the environment. They work on projects to plant trees, which helps keep the forests healthy. Tegu also supports education by helping to fund school days for children in Honduras. This shows that Tegu is more than just a toy company; it's a company that cares about people and the planet.

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