In order to ensure its cost leadership in ski manufacturing, Amer
Sports has acquired all the ski manufacturing assets of its long-term
Bulgarian subcontractor, Pamporovo Ski, and as a result has assumed
full control of its operations. The price paid for all the acquired
assets is approximately EUR 5 million depending on the working
capital at the closing date. The assets of Pamporovo Ski will
transfer to Amer Sports before the end of the year. Pamporovo's 380
employees will continue with the newly established Amer Sports
Bulgaria."We have had great co-operation with our Bulgarian partners for more
than ten years, during which Pamporovo Ski has demonstrated its
excellent abilities to produce high-quality alpine and Nordic skis.
This deal is an essential part of the Amer Sports strategy to ensure
our leadership as the world's most efficient winter sports equipment
manufacturer," says Pekka Paalanne, Executive Vice president of Amer
Sports Corporation.
For further information, please contact:
Mr Pekka Paalanne, Executive Vice President, Amer Sports Corporation,
tel. +358 9 7257 8212
Mr Tommy Ilmoni, Vice President, Investor Relations, Amer Sports
Corporation, tel. +358 9 7257 8233
AMER SPORTS CORPORATION
Communications
Ms Maarit Mikkonen
Communications Manager
Tel. +358 9 7257 8306, e-mail: maarit.mikkonen@amersports.com
www.amersports.com
DISTRIBUTION:
OMX Helsinki Stock Exchange
Major media
www.amersports.com
AMER SPORTS CORPORATION
Amer Sports (www.amersports.com) is the world's leading sports
equipment company with internationally recognized brands including
Salomon, Wilson, Precor, Atomic, Suunto, Mavic and Arc'teryx. All
Amer Sports companies develop and manufacture technically advanced
products that improve the performance of active sports participants.
The Group's business is balanced by its broad portfolio of sports and
presence in all major markets.
