Quiksilver Inc., a maker of clothing and footwear for beach and winter sports, has received a binding offer for the Rossignol Group from Chartreuse & Mont Blanc for 100 million euros ($147 million).
The offer for the ski-equipment unit includes 75 million euros in cash and a 25 million euro note a total of approximately $178 million, Quiksilver said last week in a statement. The Huntington Beach, Calif.-based company acquired Skis Rossignol SA in 2005 for 241 million euros.
Quiksilver in June 2006 opened its Mountain Center in Park City, which served as the North American headquarters for Rossignol. In addition, Rossignol has a distribution center in Ogden. Bruce Thomas, vice president of investor relations for Quiksilver, and Rossignol spokesman Steve Dudley did not return phone messages from the Deseret News on Tuesday seeking comment on how the acquisition might affect their Utah operations.
Quiksilver, in its news release, said it wants "to reduce its exposure to the winter sports equipment-manufacturing business" and focus on its Quiksilver, Roxy and DC brands.
The retailer announced in January that it was considering the possible sale of some of its winter-sports equipment businesses and hired JPMorgan Chase & Co. as an adviser. The company will use the proceeds from the sale of the Rossignol, Dynastar, Look and Lange brands to repay existing debt.Chartreuse & Mont Blanc is majority-owned by Macquarie Group Ltd., based in Sydney, Australia, and is headed by Bruno Cercley, a former chief executive officer at Rossignol.
Contributing: Jasen Lee, Deseret News.