Topco Sells Most Assets to WSM Investment

CHATSWORTH, Calif. — Topco Sales announced today that it has sold most of its assets to World Sexy Manufacturing Investment LLC.

Topco officials said all “inventory, equipment and means of production, packaging and shipping, as well as all trademarks, unexpired licenses and other intellectual property, including the Topco name and other business and brand names” have been sold to WSM Investment.

Other assets not included in the sale have been signed over to Insolvency Services Group Inc.

Vast Resources Inc., which previously was parent company to Topco, said the sale and assignment are an alternative to Chapter 7 bankruptcy.

“Because WSM’s highest priority is to maintain the loyalty of customers of the Topco brand, it currently plans to continue to produce and sell the entire Topco product line and to fill outstanding orders,” a statement read. “To help achieve these goals, Scott Tucker will be the CEO of WSM (dba Topco) and Michael Siegel will be its COO.

"Also, WSM has made arrangements to hire the key executive and sales personnel of Vast Resources with whom its customers and vendors have become used to dealing."

WSM said it wanted to provide a seamless transition for customers and vendors.

 “The difference is that, moving forward, with the aid of the financial resources of WSM, customers will not experience the kind of delays and back order problems that they may have been experiencing lately with Vast Resources,” the statement read.

Starting today creditors of Vast Resources/Topco will be contacted by the company relative to 30-day claims against Vast Resources.

Topco Sales began in 1973 as a Los Angeles-based adult novelty business, founded by Martin Tucker.

Scott Tucker, Martin Tucker’s son, now leads Topco Sales development and expansion as president and CEO.  

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Electric Novelties Debuts New 'Gemsations' Anal Plug Collection

Electric Novelties has introduced its Gemsations line of anal plugs in silicone and metal options.

FSC Publishes Analysis of Federal Trade Commission Event Promoting AV

Free Speech Coalition (FSC) has published an analysis of a Federal Trade Commission (FTC) event held this week that promoted age verification among other forms of speech regulation.

Adam & Eve Reveals Results of 'Happy Ending Dream' Survey

Adam & Eve has released the results of a survey asking respondents if they have ever had a sex dream with a happy ending.

GirlsDoPorn Owner Michael Pratt Pleads Guilty to Sex Trafficking

Michael Pratt, former owner of the rogue website GirlsDoPorn, pleaded guilty in the U.S. District Court for the Southern District of California on Thursday to sex trafficking and conspiracy to commit sex trafficking charges, according to a report by City News Service.

Kheper Releases New 'Drink if... Taboo Version' Party Game

Kheper Games has released its new "Drink if… Taboo Version" party game.

Federal Judge Grants Partial Halt of Florida AV Law

The United States District Court for the Northern District of Florida, Tallahassee Division, has granted a preliminary injunction against HB 3, the state's age verification law, as a lawsuit filed by two online trade associations challenging the law makes its way through the courts.

Aneros Debuts 'Eupho Syn V' From 'Vibration Collection'

Aneros has introduced the Eupho Syn V from its Vibration Collection.

Wells Apparel Group Inks Distro Deal With Kix'ies

Wells Apparel Group has signed a deal with Kix’ies, Inc. for distribution throughout 13 states.

Ohdoki Debuts 2 New Strokers

Ohdoki has introduced two new stroker sleeves.

Aylo Releases Statement on Suspending Access to Pornhub in France

Technology and media company Aylo, which operates adult sites including Pornhub, YouPorn, and Redtube, has released a public statement regarding its decision to block access to its sites in France.

Show More