Canadian animation studio 9 Story Media Group has bought Brown Bag Films, the award-winning Dublin company behind Give Up Yer Aul Sins, and plans to create 50 jobs.
Under the deal Brown Bag founders Cathal Gaffney and Darragh O'Connell will continue to run the company with their management team and the brand name will remain unchanged.
Gaffney described the deal as "the next logical step" as Brown Bag seeks to grow audiences for its films, shows and co-productions around the world.
Brown Bag was Oscar-nominated for Give Up Yer Aul Sins and Granny O'Grimm's Sleeping Beauty and won three Emmys for Peter Rabbit.
It is also behind children's favourites Octonauts, Doc McStuffins, Henry Hugglemonster.
