Gjelsten and ON Sunde to acquire Gresvig.

Gjelsten and ON Sunde, two Norway holding companies, agreed to acquire Gresvig, the bankrupt sporting goods chain. Financial terms were not disclosed. “Unfortunately it’s not realistic to retain all the stores and support functions in the new structure but through this we want to secure that as many people as possible still have a job to go to,” Olav Nils Sunde, ON Sunde Founder.