Will Altamont Capital Partners make a bid for Quiksilver?
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MERVIN MANUFACTURING ACQUIRED BY ALTAMONT CAPITAL PARTNERS.
MERVIN ANNOUNCES THAT WITH NEW OWNERS SUPPORT THE TRADITION OF INNOVATIVE BOARDS HANDCRAFTED IN USA WILL CONTINUE. BITCHIN’! (NEAR CANADA, November 7, 2013) – Today Mervin Manufacturing, home of Lib Tech, Gnu and Roxy snowboards, recognizes its official change in ownership from Quiksilver, Inc. to Altamont Capital Partners (Altamont). Mervin Manufacturing will continue to adhere to the core principles that have guided the evolution of the company since its founding in 1977. With the support of Altamont, Mervin will remain focused on manufacturing high performance, environmentally responsible snowboards, skateboards, skis, and surfboards in their Sequim, WA factory. Under Altamont’s ownership, Mervin will operate as an independent, standalone company. There will be continuity across all areas of the company, including leadership and staffing, manufacturing, sales and marketing. Mervin has entered in to a license agreement with "Quiksilver" to produce and distribute Roxy branded snowboards, bindings and skateboards. The relationship will work similarly to how it has in the past, with "Roxy" sharing brand marketing and athletes and Mervin designing and building the snowboards in the USA, near Canada.
Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area. Altamont is focused on investing in businesses where it can partner with leading management teams to help the companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries.
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