Companies

Sold Vkl, Marker, K2, Dalbello and other winter sports brands

Newell Brands announced that it has signed a definitive agreement to sell Kohlberg & Company, a large private investor, its winter sports companies.

Sunday 4 June 2017 2 minutes reading time

Among these companies are VÃ¶lkl, K2, Marker, Dalbello, Madshus, Line, Full Tilt, Atlas, Tubbs, Ride and BCA. The acquisition price is $ 240 million. "We are pleased with the result as we know that Kohlberg & Company is the right owner for our winter sports companies," K2 Robert Marcovitch said in a letter to business partners. "Kohlberg has many years of successful experience investing In the leading consumer brand companies and with Kohlberg we will have an owner who is only helping to help our company achieve its full potential. " According to the Denver Post, "K2 and VÃ¶lkl in particular are very strong companies, as they control almost one-third of the US Alpine skiing market, which is worth up to $ 260 million." The transaction should close at the end of the second quarter or at the beginning of the third quarter of 2017, subject to closure conditions, including regulatory approval.

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