Esquif Canoes has announced on its website and Facebook page that it ceased operations on March 16. After 15 years in business, the Quebec-based canoe maker has sold its assets and ended production. Esquif sold whitewater, touring and sporting canoes. The company had been striving to develop a replacement for Royalex, a plastic, lightweight and durable material that was discontinued by its supplier a year ago. Esquif had later announced plans to use T-Formex in its boats instead, its own proprietary material, which was supposed to be ready for the 2015 canoeing season.
Related articles
-
ArticleSnowleader raises €15 million
Thomas Roualt, founder and CEO, has announced on his LinkedIn page that Snowleader has raised €15 million in a fourth round of financing in 15 years (the company turned 15 years old last year). According to Fusacq and others, half of the funds stem from equity capital and half from ...
-
ArticleNew CFO for Kent Outdoors, secures $100m credit facility, plans sale of bike business
US group Kent Outdoors, which comprises 15 outdoor and action sports brands, including HO/Hyperlite, Connelly, Liquid Force, Onyx, Aquaglide, Barefoot/Fatsac and Bote, has appointed Rob Otto to the company’s leadership team as Chief Financial Officer. Otto joined Kent after successfully completing the sale of RW Designs, a wholesale and direct ...
-
OpinionCorporate social responsibility - could this be a way to reduce staff fluctuation?
There has been a culture change towards employment in my lifetime: no longer are workers expecting jobs for life. The change has already happened but is sparking something greater with those affected. My graduating students realize they need work skills and know that a period of attachment with a brand ...