New York-based Saban Brands has acquired Australian surf brand Piping Hot, as lifestyle brands continue to lure buyers.

Torquay, Australia-based Piping Hot provides products for surfers, including boards and wetsuits. The company's products have been sold exclusively through Target since 1998, when Piping Hot developed an exclusive retail relationship with the store.  Piping Hot also makes swimwear, footwear, beach towels, head wear and more, which it was able to develop because of a retail partnership with Target Australia, the company says.

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