Announced
Completed
Financials
Sources
Tags
Completed
Italy
Friendly
Single Bidder
shoes and accessories
Apparel Retailers
Majority
Acquisition
Domestic
Private
Synopsis
MGM, a provider of mountain and outdoor sports footwear, completed the acquisition of Rekord, a European manufacturer of technical, sports and outdoor shoes. Financial terms were not disclosed. Rekord currently employs approximately 700 people and has three production plants located in Alba Iulia, Romania. The new group, which is the result of the integration of MGM and Rekord - in which the Foglio/Congiu family will hold a majority stake - aims to become the leading European production pole in the technical outdoor footwear market.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.