Hyperlite Mountain Gear (HMG) has secured new financing to boost development and marketing of lightweight outdoor products such as backpacks, shelters and tent stakes. The new financing came from the Maine Venture Fund, which invests in Maine-based firms, the Telluride Venture Fund and other private investors. Run by Mike and Dan St. Pierre, HMG sells its products in the U.S. and several European and Asian countries.
Related articles
-
ArticleSchoeller to close Swiss production facility due to rising costs
Due to economic pressure, the Swiss textile manufacturer will reportedly close its site in Sevelen, affecting several employees as production is moved abroad.
-
News briefsGreen Theme Technologies secures $6m for expansion
The US sustainable textile and materials science company raised funding to advance eco-friendly technologies for various high-performance markets.
-
ArticleAccell Group secures creditor support for recapitalization
The company’s creditors approved the restructuring plan, paving the way for recapitalization implementation.