New Wave Group completed the acquisition of BTC Activewear for $38m.

New Wave Group completed the acquisition of BTC Activewear, a wholesale distributor, for $38m. "I am delighted to have a strong financial owner, that is known for its long-term commitment and deep industry knowledge. BTC Activewear will be able to grow and take further steps together with New Wave Group, where the mix between our understanding of and position in the UK market and New Wave Group's experience and brands will be an unmatched combination," Stephen Pope, BTC Activewear CEO and Co-Founder.