All M&A articles – Page 8
-
News briefs
Wilier Triestina acquires F.a.c. di Michelin
Italian bicycle supplier Wilier Triestina Spa has acquired F.a.c. di Michelin Spa, also from Italy and manufacturer of Miche bicycle wheels and parts. The merger creates a group led by Wilier Triestina with total sales of about €80 million. No details were provided regarding the price of the transaction. According ...
-
Article
Nick Brown passes on ownership of Nikwax and Páramo to employees
After 45 years as owner and founder, Nick Brown has handed over control over Nikwax and Páramo on Feb. 1 to his employees on three continents at the age of 67 by selling the company to a newly formed Employee Ownership Trust. Nikwax Waterproofing Wax for Leather, 1977 ...
-
News briefs
Messingschlager acquires long-standing U.S. partner Cycle Force Group
Effective Dec. 31, 2021, Europe’s leading bicycle accessories importer, Messingschlager GmbH & Co. KG, has acquired its long-standing U.S. partner Cycle Force Group, LLC. No information was given about the transaction price. Cycle Force Group and its distribution subsidiary North America Cycles have worked with the German importer for over ...
-
Article
Isbjörn of Sweden to change ownership
Online Brands Nordic AB intends to acquire Nordic KidsWear AB, manufacturer and marketer of the children’s outdoor clothing brand Isbjörn of Sweden. According to a corresponding announcement, the purchase price for the shares in Nordic KidsWear would be paid through a cash purchase price of approximately SEK 17.9 million (about ...
-
News briefs
Gathr Outdoors acquires Cascadia Vehicle Tents
Gathr Outdoors, formerly known as MacNeill Pride Group, continues its commitment to the broader outdoor market with another acquisition. The company announced Jan. 24 that it has purchased Oregon-based Cascadia Vehicle Tents (CVT), a family-owned company that has made a name for itself designing vehicle rooftop tents, awnings, off-road trailers ...
-
News briefs
Gear Aid buys Heroclip carabiner line from Lulabop
Gear Aid Inc., a Washington-based manufacturer and distributor of outdoor gear care and repair products, acquired the Heroclip® swivel carabiner product line from Lulabop Inc., also from Washington. The new product is meant to strengthen the fast-growing line of Gear Aid Adventure Tools™. Gear Aid’s affiliate company McNett Europe ...
-
Article
U.S. investor to buy Accell Group
The bicycle industry continues to boom and is therefore increasingly targeted by investors. Dutch Accell Group N.V. and a consortium led by U.S. financial investor KKR (Kohlberg Kravis Roberts), which includes Accell’s major shareholder Teslin, announced today that a conditional agreement has been reached for a recommended public offer by ...
-
News briefs
SRAM Group expands portfolio with acquisition of Hammerhead
The U.S. bicycle component manufacturer SRAM Group has purchased another brand, the bicycle computer manufacturer Hammerhead, which will remain an independent brand in the group’s portfolio. The transaction was already completed on Dec. 30, 2021, but has only now been officially announced. No details were given about the sales price. ...
-
Article
Kent Outdoors acquires Kona Bicycles
Since its beginnings just over 34 years ago, Vancouver, B.C.-based bicycle manufacturer Kona Bicycles says it has “evolved from a small business in the Pacific Northwest to a far-reaching global brand.” On Jan. 19, the Canadian company announced that it has joined U.S.-based Kent Outdoors (formerly Kent Watersports) “to compete ...
-
News briefs
Polygiene acquires manufacturer of antimicrobial additives
Polygiene AB, through the indirectly wholly-owned subsidiary Addmaster (UK) Limited , has entered into an agreement to acquire the business related to SteriTouch from the privately-owned company Radical Materials Limited. The purchase price amounts to a total of approximately €4.2 million, where approximately €3.8 million is paid in cash and ...
-
Article
Schwan-Stabilo acquires stake in footwear start-up Doghammer
The German Schwan-Stabilo group has taken a minority stake in Doghammer, a young outdoor footwear brand. The agreement was signed shortly before the end of 2021. Further details of the transaction were not disclosed. Doghammer was established in 2015 by Matthias Drexlmaier and Maximilian Hundhammer in Rosenheim in Bavaria. Since ...
-
Article
U.S. retail and experience brand Evo acquires snowsports retail and rental chain Rhythm Japan
Rhythm Japan, a Japanese snowsports retail group established in Niseko in 2005 by two Australian snowsports professionals, has been 100 percent acquired by Seattle-based outdoor retail and experience brand Evo. Evo operates 9 stores in the U.S. and Canada, two All Together skateparks, as well as lodging and travel businesses, ...
-
Article
Amer Sports divests Suunto
Amer Sports revealed it has reached an agreement with Chinese technology company Liesheng to sell its Finnish brand Suunto, a manufacturer of sports watches, dive computers and precision instruments. Amer said the sale was in line with its strategy to focus on developing internationally recognized sporting goods brands in the ...
-
News briefs
Employees take over U.S. cycling apparel brand Kitsbow
Kitsbow, a U.S. manufacturer of bicycle apparel and accessories, was purchased by its employees with the support of a group of North Carolina-based investors on Jan. 3 after ten years of private ownership. Effective immediately, employees will own a majority of the stock of Kitsbow Apparel, PBC, which is organized ...
-
Article
Sport 2000 parent ANWR Group exits as shareholder of Bico
At the end of 2021, German bicycle purchasing group Bico Zweirad Marketing GmbH took over the 25.1 percent stake held by ANWR Group e.G. by mutual agreement. As a result, the ANWR Group – a community of independent retailers that is, among other things, the 100-percent parent company of the ...
-
Article
Vista Outdoor ends 2021 with yet another acquisition
Minnesota-based Vista Outdoor has made its sixth acquisition in the current year with the takeover of Stone Glacier, a Bozeman, Montana-based brand founded in 2012 by Kurt Racicot that focuses on ultra-lightweight, high-performance hunting gear for backcountry use. The addition of Stone Glacier to Vista Outdoor’s portfolio of outdoor products ...
-
Article
Grandson of Millet founder to buy Millet Mountain Group from Calida
In an announcement on Dec. 24, Calida Group said it has received a binding offer from Jean-Pierre Millet, together with Inspiring Sport Capital, to sell Millet Mountain Group, which includes the Millet and Lafuma Outdoor brands. Jean-Pierre Millet is an investor and grandson of the founder of the Millet brand. ...
-
News briefs
Magura’s parent acquires Leomável Moldes
Effective Jan. 1, 2022, the German holding company Magenwirth Technologies Group is taking over 100 percent of Portugal’s Leomável Moldes, Lda. With the acquisition of the long-standing partner, the parent company of two-wheel brake specialist Magura is expanding its plastics technology capacities. The company did not disclose any details of ...
-
Article
Open Air Group acquires Aclima
Sweden’s Open Air Group (OAG) has announced the acquisition of Norway’s Aclima, a manufacturer of merino wool clothing “made in Europe.” Aclima is a third-generation family business specializing in merino wool workwear and outdoor clothing. The acquisition of Aclima is the first in the outdoor segment for OAG and also ...
-
News briefs
Oberalp Group acquires manufacturer of raw material for ski touring skins
The Oberalp Group has announced the acquisition of Velotex GmbH & Co. KG from Pongs Velours GmbH & Co. KG. Velotex specializes in the production of mohair velvet as an essential product for ski touring skins. The acquisition is scheduled for Jan. 1, 2022. With the acquisition, Oberalp secures an ...