All M&A articles – Page 16
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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 ...
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News briefsManagement buy-out at Weldtite Products
On March 2, British bicycle care and lubricants manufacturer Weldtite Products Limited was sold for an undisclosed amount in a management buy-out (MBO) led by current managing director, Paul Davis. Davis acquired the majority of Weldtite’s shares from the Bennett-Baggs family, which had owned the company, originally founded in the ...
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News briefsUvex Sports Group acquires majority stake in Hiplok
Germany’s Uvex Sports Group has acquired a majority stake in U.K.-based Hiplok manufacturer, Plus 8 Industries Limited. Details of the purchase price or the exact stake were not communicated. Uvex Sports Group will now add the Hiplok brand to its portfolio alongside the existing Alpina and Uvex brands, “bundling competencies ...
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News briefsCairngorm Capital invests in Whyte Bikes
London-based investment firm Cairngorm Capital Partners LLP has announced its strategic partnership and investment in bicycle supplier Whyte Bikes Limited. The unspecified cash injection is intended to accelerate the growth of the St. Leonard on Sea, West Sussex-based bicycle and e-bike supplier. Whyte Bikes was founded in 1999 by Derek ...
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ArticleBamboo producer buys 31.8% of Merida Italia
Forever Bambù, a company active in the cultivation of giant bamboo through biodynamic and symbiotic agriculture, has acquired 31.8 percent of Merida Italia, the Italian branch of Taiwan’s Merida Corporation. The transaction was carried out as part of a €2 million capital increase, of which €750,000 were signed by Forever ...
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News briefs
Merger of two Danish bicycle retailers
Design Cykler, a Danish bicycle retailer based in Skive, Jutland, with eight physical stores in major cities, and Cykelpartner.dk are merging to form DCCP Group A/S. Kenneth Mortensen, the newly appointed director of DCCP, said in a press release, “It takes two to tango, and we’ve wanted to merge the ...
