When did Cedar Fair buy Kings Island? This question has intrigued many amusement park enthusiasts over the years. The acquisition of Kings Island by Cedar Fair, one of the largest amusement and water park companies in the world, marked a significant event in the amusement industry. In this article, we will delve into the details of this historic deal and explore its impact on both companies.
Cedar Fair Entertainment Company, founded in 1968, has a long-standing reputation for operating high-quality amusement parks, water parks, and outdoor entertainment venues. Over the years, the company has expanded its portfolio by acquiring and managing various attractions across North America. On the other hand, Kings Island, located in Mason, Ohio, has been a cherished destination for families and thrill-seekers since its opening in 1972. With a rich history of innovation and record-breaking rides, Kings Island had always been a prime target for potential buyers.
The answer to the question, “When did Cedar Fair buy Kings Island?” can be traced back to June 1, 1987. At that time, Cedar Fair entered into a partnership with the Kings Island Company, the park’s original owner, to purchase a majority stake in the amusement park. This acquisition was a strategic move for Cedar Fair, as it aimed to strengthen its presence in the Ohio region and diversify its portfolio of attractions.
The merger between Cedar Fair and Kings Island brought numerous benefits to both parties. For Cedar Fair, the acquisition allowed the company to expand its market reach and solidify its position as a leading amusement park operator. Kings Island, on the other hand, gained access to the financial resources and expertise of Cedar Fair, which enabled the park to continue its tradition of innovation and offer new, thrilling experiences to its visitors.
Since the acquisition, Kings Island has seen several new attractions and improvements, such as the opening of the popular roller coaster “The Beast” in 2006 and the “Kings Island 360” Ferris wheel in 2015. Additionally, the park has experienced a boost in attendance, thanks to the combined efforts of both companies to enhance the overall guest experience.
In conclusion, Cedar Fair’s acquisition of Kings Island in 1987 was a pivotal moment for both companies. The historic deal has allowed Kings Island to thrive and continue its legacy of delivering unforgettable experiences, while providing Cedar Fair with a valuable asset in its portfolio. As the amusement industry continues to evolve, the partnership between Cedar Fair and Kings Island remains a testament to the power of strategic acquisitions and the shared passion for creating lasting memories.
