HiT Logistics (2023 Initiative P-8 animation)

HiT Logistics is a former research company headquartered in the Northwestern United Kingdom. It was tasked with continuing Bio-Fusion despite the fact that it was banned publicly by the British Government in 1984. 
On 1 February 2012, HiT Logistics agreed to a $11 billion buyout by Mattel Holdings. On July 24, 2015, Mattel later announced that they would purchase the company for $13 billion, or $15.78 a share; the agreement closed on August 27. As a matter of fact, Mattel Holdings had only been initially interested in the stories based on the failed Bio-Fusion experiments that spawned Thomas & Friends.
Following Mattel's 2015 takeover of HiT Logistics, the company has been criticized for an increase in unethical bio-fusion experiments, as well as large-scale policy changes, mass layoffs and resignations, and a dramatic shift in the company's work culture; The biggest ever since Sodor Research was taken over by Sir Topham Hatt. On 31 March 2016, HIT was absorbed into its then newly created division, Mattel Nord and HiT Logistics ceased to be an independent company.
Category:2023 Initiative P-8 animation