Snow Joke
All sorts of mergers and consolidations have been going down in the snowboard industry lately, as reported in the Skinny this…
All sorts of mergers and consolidations have been going down in the snowboard industry lately, as reported in the Skinny this week.
Topping the list is K2’s 3.2 million-dollar acquisition of well- respected manufacturer Morrow. Both companies are considered to be in the top 5 of the world’s best snowboard manufacturers. Transworld Snowboarding reports that K2 will receive Morrow intellectual property, ‘99/00 inventory, and production equipment from their Salem, Oregon factory (which will in turn close).
Morrow had recently rebounded from financial hardship and had already churned out over a million dollars in boots, bindings, and boards. K2 intends to keep the Morrow brand distinct from its own line, recognizing the steady following among riders that Morrow has garnered.
http://www.solsnowboarding.com/
(c) Da Skinny