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11th January 2018, Isère

Rossignol acquires Norwegian knitter

Two iconic heritage brands, both known for their high-quality products, have decided to join forces to strengthen their growth on the international apparel market. Rossignol Group, a leading winter sports group, has entered into a binding agreement to acquire Dale of Norway.

Since its 1879 origin, Dale, headquartered in Dalekvam, Norway, has been known for its wool-based knitwear. The company designs and manufactures its own portfolio of premium knitted garments and accessories, which are distributed directly or through its many global distributions agents.

Dale has been known for its wool-based knitwear. © Dale of Norway

The brand’s products are currently sold in over 25 countries globally with more than EUR 13 million of sales. Dale has been the exclusive supplier of official knitwear to the Norwegian National Ski and Winter Olympic Teams since 1956. During the last years, Dale of Norway has developed the brand from its core of traditional Norwegian knitwear to contemporary collections for sport, outdoor and fashion.

Value of heritage

“Rossignol and Dale of Norway share a profound respect for the value of heritage when it is combined with new technology and creative development. With our 110 years, Rossignol’s success has been continuously built on innovation, racing and passion. Dale and its 140 years, is built on the same vision of bringing historic traditions into new and modern fashion. Knitwear is an integral part of our Rossignol apparel line-up, and the addition of Dale is highly complementary,” said Bruno Cercley, CEO of Rossignol.

“I am impressed with what the management team and the rest of the Dale organisation have built, and I look forward to expanding our common apparel business through shared know-how, new product development and global distribution. We see great potential in supporting and strengthening Dale in its international expansion, leveraging on both companies’ strong connection with winter resorts and retailers across the world, offering to our customers and consumers a complementary portfolio of apparel and equipment.”

“In addition, Dale’s facilities in Dalekvam and manufacturing expertise can continue to drive Rossignol’s and Dale’s growing knitwear lines. I am truly excited to welcome the Dale organization to Rossignol.”

Modernisation and expansion

“After having worked intensely with the turnaround, modernisation and expansion of Dale of Norway for several years, creating a profitable company with substantial growth, I am proud to deliver the reins to Altor and Rossignol. Rossignol matches the brand, heritage and production focus at Dale and is in my view the ideal partner for Dale going forward, which has been a deciding factor for me when choosing Altor and Rossignol as the new owner,” commented Hilde Midthjell, CEO and owner of Dale of Norway.

“Rossignol is committed to the same values as us and will continue manufacturing world leading knitwear at Dale, and plans to expand the production with their own knitwear under the Rossignol brand. We also share a common view of strengthening our mutual ties with retailers and winter resorts across the world. At the same time, I know that the very capable employees at Dale will have the best owner to take them and the Dale brand to the next level.”

Closing of the transaction is expected to happen within year end.

www.daleofnorway.com

www.rossignol.com

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