Mavic’s owner, Amer Sports, buys Enve Composites for $50 million

By Stephen Frothingham

OGDEN, Utah (BRAIN) — Amer Sports Corporation, the owner of Mavic and several other outdoor brands, has bought Utah’s Enve Composites for $50 million cash.

Enve makes carbon rims, wheels and components and has annual sales of about $30 million.

“The acquisition accelerates Amer Sports’ cycling business especially in the United States and provides further expansion opportunities internationally. Enve brings capabilities in carbon technology, and it offers operational scale and synergy benefits complementing Amer Sports’ …read more

Via:: Bicycle Retailer and Industry News