News Briefs – Page 5
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News briefsClarus acquires another Australian overlanding brand
Clarus Corporation, the parent company of Black Diamond, Rhino-Rack, Maxtrax, Sierra and Barnes, has invested in another company in the vehicle-based outdoor adventure / overlanding sector. The Utah-based company today announced the acquisition of Australia-based TRED Outdoors Pty Ltd. from Venlo Holdings. TRED is a fast-growing outdoor adventure brand that ...
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News briefsOfficial launch of ReHubs Europe
At a kick-off meeting in Barcelona on Oct. 3, the European Apparel and Textile Confederation (Euratex) and 20 incoming members presented ReHubs Europe, a new international non-profit organization dedicated to boosting textile recycling. The official launch follows three years of preparation and the publication of a ”Techno-Economic Study” that looked ...
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News briefsParlee Cycles changes owner
Source: Parlee Composites John Harrison, new owner of Parlee Massachusetts-based company Parlee Cycles has been acquired by avid cyclist and independent investor John Harrison, effective Oct. 1, 2023. The acquisition of the brand and 100 percent of Parlee Cycles’ assets signals the end of their restructuring process ...
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News briefsClarus retains financial advisor for possible sale of Precision Sport segment
In response to the non-binding expression of interest by Warren B. Kanders, Clarus Corp.’s Executive Chairman, to acquire the company’s Precision Sport segment, which includes the Sierra Bullets and Barnes Bullets subsidiaries, the special committee of Salt Lake City, Utah-based Clarus’s Board of Directors hired Houlihan Lokey as the special ...
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News briefsEdelrid expanding in Europe
With the acquisition of the Slovakian rope manufacturer Žilmont s.r.o., German climbing specialist Edelrid is expanding its production capacities in Central and Eastern Europe. Since Oct. 1, 2023, the Slovakian rope manufacturer belongs to the Edelrid Group and operates under the name Edelrid Slovakia s.r.o. In addition to Edelrid North ...
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News briefsBleed wants to become community-based company
The sustainable outdoor brand Bleed from Germany, which ran into economic trouble earlier this year, has turned to its fans and supporters with a new rescue plan. In order to be able to continue operating, the company wants to become a “community-based business.” To this end, the company writes in ...
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News briefsColoreel announces $2m deal to scale production of its sustainable technology
Swedish textile innovation brand Coloreel has announced the signing of a $2 million agreement with “a prominent Asian manufacturer.” The deal has been described as “a significant milestone for Coloreel and its innovative product.” Coloreel has developed a technology for embroidery that enables high-quality coloring of textile thread on demand. ...
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News briefsHuntsman launches new technology collaboration platform
Texas-based chemical company Huntsman Corporation has launched a technology portal to enable collaboration with innovators and manufacturers across the value chain. The cross-divisional initiative aims to facilitate and foster external collaborations by connecting minds and expertise from different sectors with Huntsman to unlock potential business opportunities. “Working with external partners, ...
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News briefsLagoped raises €5.7 million
French outdoor clothing brand Lagoped has announced the completion of a funding round worth €5.7 million. The company raised around €3.2 million from private equity firms HPF and Vox Capital. Christophe Cordonnier, the company’s co-founder with Julien Désecures and Pierre Derieux, has retained a majority stake. In addition, Lagoped obtained ...
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News briefsEddie Bauer revamps CI, aims to get back on international stage
Eddie Bauer has unveiled a strategy to reposition and expand its brand. After outdoor industry veteran Tim Bantle joined the retail company as CEO a year ago, he hinted that he had discovered many missed growth opportunities that now needed to be changed. As a result, the ...
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News briefsNew Cycle becomes shareholder and partner in Freebike
Oldenburg, Germany-based New Cycle GmbH (formerly Cycle Union) has joined Dutch e-bike provider Freebike B.V., based in Rosmalen, as a minority shareholder. Details of the acquisition, what minority stake New Cycle is now holding in Freebike and what was paid for it were not disclosed. With New Cycle, the Freebike ...
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News briefsBid entered for Clarus’ Precision Sport segment
Clarus has received from its own executive chairman a “non-binding indication of interest” to acquire for about $160 million the Precision Sport segment, which includes the Sierra Bullets and Barnes Bullets subsidiaries. Warren B. Kanders filed his statement of beneficial ownership with the U.S. Securities and Exchange Commission (SEC) on ...
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News briefsUlvang rebrands, changes suppliers and collection
Norwegian wool apparel specialist Ulvang, a brand founded in 1995 and owned by the Brav Group, has undergone a complete rebranding. Since the first week of September, the brand’s website and social media have been reset and now feature a new logo and content. The changes also ...
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News briefsTrerè’s Titici bicycle brand opens US subsidiary
Premium bicycle brand Titici opened its first US subsidiary in Boston, Massachusetts, in August. The brand, under the umbrella of Italian textile supplier Trerè lnnovation (manufacturer of technical apparel brand UYN Sportwear, among others), aims to score points in the US with its road, gravel, mountain and e-bike products. Thanks ...
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News briefsLenzing is completing the conversion and upgrade of its Indonesian site
Lenzing Group, the Austrian manufacturer of wood-based specialty fibers, has announced “significant technical improvements” to its site in Purwakarta, Indonesia. The company has invested more than €100 million since 2021 to convert the location into a supplier of specialty viscose fibers, and the completion of the investment is now imminent, ...
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News briefsMcLaren’s electric scooter division acquires troubled e-bike maker VanMoof
Lavoie, the electric scooter unit of F1 engineering and technology company McLaren Applied, has reached an agreement to buy bankrupt Dutch e-bike maker VanMoof. The company also announced that it will invest in stabilizing and expanding the business. Terms of the acquisition were not disclosed, but McLaren Applied Chairman Nick ...
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News briefsPon.Bike acquires Italian cycling shoe brand Nimbl
Pon.Bike, the subsidiary of Dutch family holding company Pon Holdings B.V., which has become a leading European cycling company with more than 15 brands, has acquired the emerging premium cycling shoe brand Nimbl, based in Porto Sant’Elpidio, Italy. Details on the sale price were not disclosed. Founded in 2020, Nimbl ...
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News briefsMaker of custom bike brand Müsing insolvent in self-administration
The German manufacturer of custom bike brand Müsing, Radsportvertrieb Ditmar Bayer GmbH, is in financial difficulties due to a severe drop in sales caused by the challenging times. On Aug. 23, the district court in Montabaur, Germany, officially confirmed the company’s insolvency in self-administration. During the reorganization procedure, business operations ...
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News briefsSpinnova receives R&D grant to develop waste-based fibers
Finnish biomaterials company Spinnova has received a grant of a maximum of €1.9 million for a product development project from Business Finland, a public organization under the Finnish Ministry of Employment and the Economy, for the period from April 15, 2023, to April 14, 2025. The product development project aims ...
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News briefsCreditors grant continued reconstruction for Swedemount Sportswear & Fashion AB
A meeting on Aug. 6 at Gothenburg District Court has decided that the reorganization of Swedish outdoor clothing company Swedemount Sportswear and Fashion AB should be allowed to continue the three-month period that has already begun. Neither Swedemount’s bank nor the Skatteverket (Swedish Tax Agency), which is by far the ...
