Wow, to Extreme Holdings. The Sims/LTD guys. Not really sure what this means, but it is a big move. Kind of wish they could just become their own entity myself.
Quiksilver announced this morning its plans to sell Mervin Manufacturing, parent company to popular snowboard brands Lib Tech and Gnu, to Extreme Holdings, Inc., an entity advised byAltamont Capital Partners—the investor group behind the recent purchase of DaKine from Billabong. As part of the deal, Mervin will continue to manufacture snowboards for Quiksilver’s Roxy brand.
Full Article: Quiksilver Reaches Agreement To Sell Mervin Manufacturing - Transworld Business