All M&A articles – Page 16
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News briefs
Rossignol sells Time to French start-up
The Rossignol Group announced an agreement in principle for the disposal at an undisclosed price of Time Sport International, the French producer of high-end bicycle components that it had acquired four years ago as part of its diversification into the bike sector. Major investments made for its modernization have not ...
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News briefs
Lafuma sells its surfwear brand
The Lafuma Group has finalized the sale of Oxbow, its brand of surf-inspired sportswear. The move will allow the French company to concentrate on the outdoor sector with two brands, Lafuma and Millet. The group had previously sold its Eider brand to K2 of South Korea. The new owner of ...
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News briefsWintersteiger acquires maker of ski lockers
Wintersteiger – the Austrian provider of machines for ski repair and maintenance, software for ski rental, and equipment and furnishings for ski shops – is acquiring a 51 percent stake in another Austrian company, Steurer. Founded in 1963, it generated a turnover of €8.3 million last year. Steurer’s ski lockers ...
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ArticleOdlo has a new owner
Monte Rosa Sports Holding AG, a company based in Switzerland, has acquired Odlo International, the Swiss producer of functional sports underwear, together with all its national subsidiaries, from Herkules Fund III. The transaction was completed on Wednesday, May 13, for an undisclosed price. Odlo was founded in 1946 in Oslo ...
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News briefsATK Race and Gimec merge to form ATK Sports
ATK Race srl, an Italian binding manufacturer from Fiorano Modenese that has made a name for itself in recent years with its aluminium milled pintech touring bindings, and its parent company Gimec srl, both in the hands of the Indulti family, merged to form a new company, ATK Sports. According ...
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News briefsTenson acquires WearColour and Void Cycling
As reported earlier, WearColour, a Swedish brand of anoraks, ski jackets and pants with distinctive color blocking that also owns the Void Cycling trademark, filed for bankruptcy on Feb. 11 at its own request with the Gothenburg District Court. Now Swedish media reports that Tenson, one of the iconic Scandinavian ...
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ArticleNo pressure for the sale of Mammut
As previously reported, the Conzzeta Group plans to divest its Outdoor division, which essentially consists of the Mammut Sports Group. Addressing financial analysts, the Swiss group’s management pointed out, however, that it is under no pressure to sell it at just any price because of the current economic uncertainty. For ...
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ArticleMontane has found an investor
A Scottish investment company based in Edinburgh, Inverleith, signed a deal last Friday to take over majority control of Montane for an undisclosed price. It has also agreed to invest in the business to recruit new managers, to expand its office in northern England, to boost product development and marketing ...
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News briefs
The Calida Group continues to slim down the Lafuma Group
The Calida Group continues to slim down the Lafuma Group, focusing it on the Lafuma and Millet brands. It reports that Rainbow, a company founded by Emmanuel Debruères and Jean-Christophe Chetail, has offered to acquire Oxbow from Lafuma, adding that Debruères and Chetail seek to raise Oxbow toa new stage ...
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Article
Conzzeta is divesting Mammut
The board of directors of the Swiss Conzzeta group has decided to evaluate proposals for the takeover of its Mammut business unit and some other non-core operations, and to focus on its bigger Bystronic business unit, which deals with the automation and integration of the material and data flow in ...
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Article
Is Pentland readying new acquisitions?
Confirming a report that it had reduced its stake in JD Sports Fashion, while retaining its position as its majority shareholder, the Pentland Group says the sale of the shares will enable to further a strategy of “growing our portfolio of sports, outdoor and fashion brands through organic investment and ...
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Article
Pelican acquires Confluence
Pelican International, a Canadian group that already makes all manner of recreational boats, has acquired Confluence Outdoor, another maker of boats based in the U.S. that did not achieve the economies of scale that its new owners were betting on. The financial terms of the deal remain undisclosed.
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Article
Lafuma is selling Eider
Lafuma has received a binding acquisition offer for its Eider brand from K2, the South Korean technical outdoor company. K2, which is not related to the American ski brand by the same name, is already the licensed distributor of the Eider brand for the important market of South Korea.
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News briefs
Major acquisition in paddlesports in the U.S. : Utah-based Lifetime...
Major acquisition in paddlesports in the U.S. : Utah-based Lifetime Products has bought the patents, manufacturing tools, trademarks and retail contracts of Emotion Kayaks, a company based in Pennsylvania. The interesting point about this story is that Lifetime openly admitted that one of the reasons for the takeover was a ...
