December 20, 2017 by Chris Kilkus
Rossignol Group Acquires Dale of Norway
MILAN — Rossignol Group is looking to expand its knitwear category with the acquisition of Dale of Norway.
Terms of the deal were not disclosed.
Rossignol, the leading winter sports group, is owned by Stockholm-based private equity company Altor, focused on investing in and developing medium-sized companies with a Nordic origin.
Founded in 1879 and headquartered in Dalekvam, Norway, Dale is known for its high-quality wool-based knitwear and accessories, and is available in more than 25 countries around the world. The company, with a business of 13 million euros, has been the exclusive supplier of official knitwear to the Norwegian National Ski and Winter Olympic Teams since 1956. Over the past few years, it has developed contemporary collections for sport, outdoor and fashion.
“Rossignol and Dale of Norway share a profound respect for the value of heritage when it is combined with new technology and creative development,” said Bruno Cercley, chief executive officer of Rossignol Group, which has a history spanning 110 years. Emphasizing a shared vision “of bringing historic traditions into new and modern fashion,” Cercley said knitwear was “an integral part” of Rossignol’s apparel, seeing the addition of Dale as “highly complementary.”
Cercley continued: “I am impressed with what the management team and the rest of the Dale organization