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Mavic’s parent company Amer Sports acquires ENVE Composites


Spoke101

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Amer Sports, which owns Mavic and other outdoors brands, has just announced their acquisition of ENVE Composites for $50 million in cash.

 

The official statement (copied after the break) says the deal expands Amer Sports’ operational scale, which seems interesting considering ENVE’s comparatively small manufacturing facility in Ogden, Utah. The statement also claims ENVE’s annual sales to be around $30 million, which is a rare peek into the size of the until-now privately held company.

 

http://www.bikerumor.com/2016/02/22/mavics-parent-company-amer-sports-acquires-enve-composites/

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