Quiksilver Passes Snowboard Unit To Altamont-Backed Co.

Law360, New York (October 23, 2013, 4:09 PM ET) -- California-based Quiksilver Inc. on Wednesday said it has reached a deal to sell its snowboard unit to Altamont Capital Partners-backed Extreme Holdings Inc. as part of the sports apparel maker’s plan to divest its noncore businesses.

The all-cash transaction is for Quiksilver’s Mervin Manufacturing Inc. subsidiary, which designs and makes snowboarding products under its Gnu and Lib Tech brands, according to Quiksilver. As part of the sale, Mervin will keep making snowboards for Quiksilver’s Roxy brand under a separate licensing agreement. The deal’s price was not...
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