Editing K'Nex (section)

==History==
The first K'Nex Box was launched in the U.S. market in 1993. Original models with moving parts had a [[handcrank]] to make things move, but soon, [[gears]] and [[Electric motor|motors]] allowed models to move on their own.<ref>{{cite web|url=http://www.knex.com/info/history.php |title=History of K'Nex |publisher=Knex.com |access-date=June 3, 2012 |url-status=dead |archive-url=https://web.archive.org/web/20120223085049/http://www.knex.com/info/history.php |archive-date=February 23, 2012 }}</ref>

[[File:Knex-bridge.jpg|right|thumb|250px|A bridge made from K'Nex]] 

The company's products were sold at [[Toys "R" Us]], starting in early October 1992.{{cn|date=April 2023}} By 2011, K'Nex was distributed in over 25 countries, including the United States.{{cn|date=April 2023}}

In 2018, all of K'Nex's assets were purchased by Basic Fun!, a Florida-based toy company.<ref>{{cite web |last=Whyte |first=Alexandra |date=February 11, 2018 |url=http://kidscreen.com/2018/02/13/basic-fun-buys-knex/ |title=Basic Fun! buys K'NEX |publisher=Kidscreen |access-date=February 6, 2019}}</ref><ref>{{cite web |date=February 12, 2018 |url=https://www.basicfun.com/news/archived/2018/knex-acquired.html#:~:text=Basic%20Fun!%2C%20the%20Boca%20Raton,%E2%80%9Cthe%20new%E2%80%9D%20Basic%20Fun! |title=Basic Fun! Acquires K'NEX |publisher=Basic Fun! |access-date=February 6, 2019 |archive-date=November 15, 2019 |archive-url=https://web.archive.org/web/20191115200610/http://www.basicfun.com/news/archived/2018/knex-acquired.html#:~:text=Basic%20Fun!%2C%20the%20Boca%20Raton,%E2%80%9Cthe%20new%E2%80%9D%20Basic%20Fun! |url-status=dead }}</ref><ref>{{cite web |last=|first=|date=February 12, 2018|url=https://toyworldmag.co.uk/basic-fun-buys-knex/|title=Basic Fun! buys K'Nex|publisher=Toyworldmag.co.uk|accessdate=April 15, 2022}}</ref> The acquisition was valued at around $21 million.<ref>{{cite web |last=Savana |first=Freda |date=February 10, 2018 |url=https://www.theintell.com/news/20180210/hatfield-toymaker-knex-sold |title=Hatfield toymaker K'NEX sold |publisher=The Intell.com |access-date=January 2, 2020 |archive-date=January 2, 2020 |archive-url=https://web.archive.org/web/20200102005752/https://www.theintell.com/news/20180210/hatfield-toymaker-knex-sold |url-status=dead }}</ref><ref>{{cite web |date=April 19, 2019|url=https://licensinginternational.org/news/basic-fun-keeps-knex-licenses/ |title=Basic Fun Keeps K'Nex Licenses |publisher=Licensing International |access-date=January 2, 2020}}</ref><ref>{{cite web |last=|first=|date=February 18, 2018|url=https://consumergoods.com/basic-fun-buys-knex|title=Basic Fun Buys K'NEX|publisher=Consumergoods.com|accessdate=April 15, 2022}}</ref>

In 2024, Basic Fun filed for [[Chapter 11 bankruptcy]] protection. The company will use bankruptcy proceedings to repay its creditors while remaining in operation.<ref>{{Cite web|url= https://www.bloomberg.com/news/articles/2024-06-28/toy-maker-behind-lincoln-logs-tinker-toys-files-for-bankruptcy?ref=biztoc.com|title= Toy Maker Behind Lincoln Logs, Tinker Toys Files for Bankruptcy|date=June 28, 2024|access-date=June 28, 2024|website=Bloomberg|language=en}}</ref> Basic Fun emerged from bankruptcy on November 1, 2024.<ref>{{Cite web|url=https://www.prnewswire.com/news-releases/basic-fun-completes-its-restructuring-with-a-significantly-strengthened-financial-position-and-continues-on-its-growth-trajectory-302294197.html|title=Basic Fun Completes Its Restructuring with a Significantly Strengthened Financial Position and Continues on its Growth Trajectory|date=November 1, 2024|access-date=January 26, 2025|website=PR Newswire|language=en}}</ref>