Altor-backed Rossignol buys Dale of Norway

Dale intends to grow internationally, leveraging Rossignol's global connections with winter resorts and retailers.

The combined group will offer customers a portfolio of winter sports apparel and equipment.

Previous funding
Altor Equity Partners acquired 80% of Rossignol via the Altor Fund III vehicle in July 2013. The company's management, Weber Investment and the Boix-Vives family – which used to own Rossignol from 1955 to 2005 – also took part in the buyout.

These minority shareholders own the remaining 20%. Press reports at the time valued the company at around €150m.

Company
Established in 1879 and headquartered in Dalekvam, Norway, Dale designs and manufactures wool-based knitwear. The garments and accessories are distributed directly and through global distribution agents in 25 countries.

Since 1956, the firm has been the official knitwear supplier of the Norwegian national ski and winter Olympic teams. Recently, the firm has started to develop the brand from its core traditional Norwegian knitwear to contemporary collections for sport, outdoors and fashion.

It manufactures in Dalekvam and also operates a sales office in Vermont, US. Dale employs a staff of 62 and posted a turnover of €13m in 2017.

People
Rossignol – Bruno Cercley (CEO).
Dale of Norway – Hilde Midthjell (CEO).

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• Topics
• Portfolio management
• Nordics
• Consumer
• Norway
• Altor
• Build-up