Volcom Inc announces acquisition of Japanese distributor
03 Sep '08
1 min read
Volcom Inc announced it has signed a definitive agreement to acquire its distributor in Japan, a key territory of the company's international operations. Terms of the transaction were not disclosed.
“This acquisition is a testament to the strength of our brand in Japan after working with our distributor for more than 15 years,” said Richard Woolcott, chairman and chief executive officer of Volcom.
“We are excited to culminate a longstanding relationship with an opportunity to work more closely with our accounts in this important territory, while retaining our Japan-based distribution team.
“Acquiring our Japanese distributor is part of Volcom's international growth strategy, and we look forward to further enhancing our presence throughout Japan,” Woolcott added.
Senior management will discuss this transaction, as well as address other company matters during a presentation at the Southern California Investor Conference at 9:00 a.m. PDT on Wednesday, September 3.
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