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Raymond Lanctôt Ltd. Acquires NRG Enterprises
Montreal, Que.-based sporting-goods distributor Raymond Lanctôt Ltd., the Canadian distributor of Fischer and Swix, has acquired NRG Enterprises, a cycling-distribution company based in Nelson, B.C.
Lanctôt operates from a state-of-the-art 60,000-square-foot facility in Montreal and launched a bike division in 2016. The recent acquisition was announced in June 2017.
NRG was founded in 1989, and distributes Unior, Surly, Chromag, Ortlieb, Maxxis, Hope, HT, Early Rider, MRP, Küat, 7IDP, USWE, Orange Seal, Huck Norris, Red Monkey, WPL, Sensus, Benno, Cushcore, Ravemen, Melon and Julbo.
BNS Expands Skigo to Canada
Colorado-based Boulder Nordic Sport (BNS) announced in August that a long-term distribution agreement was finalized with Skigo AB of Sweden, and it was expanding the brand in North America to include Canada with Andy Shields as sales manager.
BNS will distribute Skigo ski wax, tools, poles, rollerskis and accessories alongside the complementary brands Airtrim (cold-air masks), Ercolina (poling machines), Guru (kick wax) and Magnar (kick wax). A list of authorized dealers can be found at www.skigo.com.
K2 and Madshus Sold to Kohlberg
In July it was announced that K2 Sports, owner of legendary Norwegian ski-manufacturer Madshus, was sold to Kohlberg & Company, a private equity firm based in New York that owns Bauer Hockey Corporation. The move is part of the sale of other major winter-sports brands such as Marker, Volkl, Full Tilt, Line and Ride, all previously owned by Newell Brands Inc. K2 Sports also owns Atlas and Tubbs snowshoes.
Gross proceeds from the divestiture are expected to be $240 million [US]. Net sales for the divested business were approximately $330 million during 2016, with earnings before interest, tax, depreciation and amortization of approximately $25 million.
Many top Nordic athletes are sponsored by Madshus, including Norway's Heidi Weng, Ingvild Flugstad Oestberg and top biathlete Emil Hegle Svendsen, along with U.S. cross-country skiers Brian and Caitlin Gregg, Noah Hoffman, Ida Sargent and, most recently, Liz Stephen.