Surf Technicians, LLC, the company that manufactures surfboards under the Surftech name for many surf brands announced today that the company has been sold to Triple D, a Thailand based investment company.
“Today’s announcement is a great thing for not only the Surftech family, but for all our partners, and customers” said Chris Dunn, CEO of Surftech “Being able to work closely with a partner who is dedicated to our success and who is very knowledgeable in the world of distribution and composites gives us the resources to continue to build on the momentum of the last 12 months.”
For the official word from Surftech, please follow the jump.CARLSBAD, CA – JANUARY 7, 2015
Surf Technicians, LLC (“Surftech”), the original and leading board manufacturing company, announced today that Triple D Corporation Company Limited, has acquired the company. Triple D is a Thailand based investment company, that holds interests in various companies including a composites parts manufacturer. The acquisition brings the Surftech brand under a single ownership and provides the company unparalleled financial support.
The sale is another chapter in what has been a very exciting time for Surftech, including welcoming a new CEO in early 2014, opening a Southern California office and hiring key management team members. This is the beginning of a strategic growth plan for Surftech that has seen the successful launch of a re-energized 2015 SUP lineup as well as the launch of the new TL Pro Carbon “TLPC” surfboard technology that will be complemented with a new range of “Surftech” branded surfboards. Surf tech plans to open its first hybrid retail concept store in Santa Cruz, California sometime in the first half of 2015.
“Today’s announcement is a great thing for not only the Surftech family, but for all our partners, and customers” said Chris Dunn, CEO of Surftech “Being able to work closely with a partner who is dedicated to our success and who is very knowledgeable in the world of distribution and composites gives us the resources to continue to build on the momentum of the last 12 months.”
ABOUT Surftech
Surf tech “The original board manufacturing company” was founded in 1989 in Santa Cruz CA. As a pioneer of new technologies, Surftech was the first company to introduce composite manufacturing to the surfing industry. The process provided a consistent finished product that was lighter and more durable than anything on the market. The success of the original process caught the attention of many of the world’s top craftsman and the company grew rapidly. Surftech’s business model has always been about board builders giving them a way to scale and expand their businesses with a seamless solution that complimented their existing lineups. The international popularity of Surftech’s technology created an increase in demand and fueled the need for global expansion. In the early 90’s, Surftech partnered with a world-class international factory that matched their commitment to excellence, providing unparalleled capabilities, strong environmental practices, unmatched craftsmanship and most importantly could scale to meet demand.
