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Maier Sports acquired by PE fund
12
Aug '11
German sportswear manufacturer Maier Sports GmbH & Co. KG has been acquired by Munich-based investment company Findos Investor, an independent mid-market private equity (PE) fund backed exclusively by prestigious German family-owned companies as investors.

Under its Maier Sports brand, the company manufactures clothing for outdoor sports and skiing. Gonso, the other brand of the company, manufactures bikewear.

The new investors plan to expand both the existing brands and have announced that they would retain the Köngen and Albstadt manufacturing sites of the company.

Findos Investor has said that Maier Sports and Gonso will continue to trade as two separate brands, and they will be expanded to newer markets.

Maier Sports GmbH has been family-owned since 1938 and is based at Swabian district of Köngen. Its management is likely to relinquish the control by beginning of next year.

Fibre2fashion News Desk - India

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