All M&A articles – Page 21
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News briefsFood industry group Heristo acquires Möve Bikes
Germany’s Heristo Holding, a family-owned food industry group, is acquiring bicycle manufacturer Möve Bikes, which went bankrupt on Feb. 5. Together they want to ensure that one of the oldest German bicycle brands with innovative technologies enjoys a secure future. Heristo’s commitment also ensures that jobs at the Möve site ...
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News briefs
HeiQ acquires German materials innovator RAS
Swiss ingredients brand HeiQ, known for its antiviral textile technology HeiQ Viroblock, is strengthening its antimicrobial ingredients technology platform and expanding its product portfolio to include coating technologies through the acquisition of materials innovation company RAS AG, based in Regensburg, Germany. RAS develops and manufactures highly functionalized materials, including antimicrobial, ...
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ArticleWise Equity acquires one-third stake in Selle Royal Group
In late 2019, Italian bicycle accessories and parts manufacturer Selle Royal S.p.A. (a.k.a. Selle Royal Group with brands Brooks, Crankbrothers, Fizik, Pedaled, Selle Royal) had officially announced its search for a financial partner to accelerate its growth trajectory. On May 14, Milan-based venture capital and private equity fund company Wise ...
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ArticleAuthentic Brands Group and SPARC to acquire Eddie Bauer
Authentic Brands Group (ABG), a New York City-based global brand owner, marketing and entertainment group, and SPARC Group, a global full-service retail operator, today announced a definitive agreement to acquire U.S. outdoor lifestyle brand Eddie Bauer from PSEB Group, an operating company owned by private equity investment firm Golden Gate ...
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News briefsGCI Outdoor sold to MacNeill Pride Group
Tennessee-based MacNeill Pride Group, a portfolio company of middle-market private equity firm Centre Partners from New York and a manufacturer of outdoor products and sporting goods under the ORCA, PrideSports, Champ, Pride Golf Tee and Professional Tee System brands, has acquired Connecticut-based GCI Outdoor (GCI). Terms of the transaction were ...
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News briefsBicycle tire manufacturers Vittoria Group and A. Dugast join forces
Dutch bicycle tire manufacturer A. Dugast, best known for its handmade cotton and silk tires for cyclocross, track and road racing, has been fully acquired by Italian bicycle tire giant Vittoria Group. As a result of the deal, A. Dugast’s CEO Richard Nieuwhuis has received an undisclosed minority stake in ...
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News briefs
Büchel Group subsidiary Wittkop acquires Italian competitor Selle Esse
German bicycle parts and accessories manufacturer Büchel Industrie Holding (a.k.a. Büchel Group) announced that its Wittkop Sattel subsidiary is acquiring Italian competitor Selle Esse, founded in 2009. The deal will be effective May 1 for an unspecified amount. The acquisition will also allow Wittkop, which was founded in 1898, to ...
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ArticleU.K. investment firm to acquire Mammut
After Conzzeta had already announced on Dec. 9, 2019, that it would focus on the sheet metal working segment (Bystronic business unit) in the future, and this year revealed the final restructuring, including the renaming of Conzzeta to Bystronic, the Swiss company has now apparently found a buyer for its ...
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News briefsBoards & More acquires SQlab
Boards & More Group, which owns the bike apparel and accessories brand ION, has acquired SQlab, a specialist in ergonomic bike accessories, effective March 31. Both parties agreed to keep the purchase price confidential. While SQlab founder Tobias Hild will remain on board as managing director, his wife, co-founder and ...
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ArticleDometic acquires Valterra Products
Dometic, the Swedish brand that just joined the Scandinavian Outdoor Group (SOG), has reached an agreement to acquire Valterra Products, a North American provider of service and aftermarket products primarily for the RV (recreational vehicles) industry. The acquisition expands Dometic’s service and aftermarket position with new products, a broader distribution ...
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News briefsPolish investor acquires majority stake in 7Anna Group
On April 19, Polish private equity firm Resource Partners announced the signing of an investment agreement with 7Anna Group. Upon completion, Resource will hold an unspecified majority stake in the bicycle company. With the new investor, 7Anna’s founders will continue their current management roles and independently pursue the expansion of ...
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News briefs
Pure Fishing completes acquisition of Plano Synergy, immediately sells hunting brands to GSM
Pure Fishing has announced that it has completed the acquisition of Plano Synergy Holdings. As part of the closing, Pure Fishing has also announced the sale of Plano Synergy’s archery and hunting accessories brands to GSM Outdoors. The move is consistent with Pure Fishing’s strategy that places priority on fishing, ...
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ArticleHama Group acquires majority stake in Messingschlager
With retroactive effect as of Jan. 1, Hama, a leading international supplier of accessories for consumer electronics, has acquired a majority stake in Messingschlager, one of the world’s largest importers of bicycle accessories. With Hama’s entry, Messingschlager intends to set the course for future growth in good time. ...
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News briefsProtective equipment maker G-Form acquired by Eldridge Industries
On April 9, U.S. protective equipment maker G-Form announced that it has been acquired by Greenwich, Connecticut-based investment holding company Eldridge Industries. Details of the purchase price were not disclosed. The transaction provides the brand, known for its protectors for a variety of team sports including baseball, soccer, field hockey ...
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News briefs
Sale of 65% of Garmont completed
Garmont International reported that the previously announced acquisition of a 65 percent stake in the company’s share capital by Milan-based Riello lnvestimenti Partners SGR has been finalized. Of the remaining 35 percent of the company, Pierangelo Bressan, the current president and CEO, holds 30 percent. He will continue in his ...
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News briefsRocky Brands finalizes takeover of Honeywell's footwear business
Rocky Brands has completed its $230 million acquisition of the performance and lifestyle footwear operations of Honeywell International, noting that it will be immediately accretive to its own results. The business, which includes The Original Muck Boot Company and the Xtratuf, Servus, NEOS Overshoe, Rocky and Ranger brands, generated Ebitda ...
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News briefsPure Fishing acquires Plano Synergy
Pure Fishing, a leading U.S. fishing tackle supplier, has entered into a definitive agreement to acquire Plano Synergy Holdings. Plano Synergy is a Texas-based company founded in 1938 that owns several outdoor brands, including Ameristep, Avian-X, Barnett, Bloodsport, Evolved, Frabill, Flextone, Halo, No Limit, Plano Molding, Tenzing, Wildgame Innovations and ...
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News briefsPoison Bikes under new ownership
German DTC bicycle supplier Poison Bikes has a new owner. Company founder, owner and previously sole managing director Hans Werner Theisen has sold his bicycle manufactory to entrepreneur Thomas Wiesel for an undisclosed amount. Theisen will remain active in the company and run the business together with Wiesel. Poison Bikes ...
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News briefs
HeiQ acquires Belgian biotech company
Swiss ingredients brand HeiQ has acquired Chrisal N.V., a Belgian industrial biotechnology company, expanding its offering to include probiotic ingredients and technology platforms. HeiQ reported it had acquired 51 percent of the share capital and voting rights of Chrisal, which will be renamed HeiQ Chrisal. The purchase price amounts to ...
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News briefsHobie Cat sold to executives from Maynards Industries
Hobie Cat Co., the U.S. company operating in the surfing, paddle sports, sailing and SUP markets, has reportedly been sold to a private equity group consisting of executives from Maynards Industries, an industrial auction house. According to a report in SGB Executive, Hobie Cat “was discretely sold” to a team ...
