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Article Date: May 2017
Word Count: 256

Newell Brands Sells Winter Sports Biz to Kohlberg

The private equity firm will take over Völkl, K2, Marker, Dalbello and several other winter brands from the collection that was put together by former K2 CEO and serial acquirer Dick Heckmann. Newell said the winter sports group had sales of $330 million in 2016 and adjusted EBITDA of $25 million. Kohlberg is paying $240 million for the package, about $40 million more than K2 Corp. paid for the Marker, Völkl and Marmot brands in 2004. Völkl has been the star of the winter sports portfolio in recent years, in large measure because it resisted efforts to move its production ... Log in to view full article.


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