HUF Nabs $63 Million In Sale

by The Editors on November 28, 2017

 The owners of the skateboard brand HUF have reportedly sold off 90 percent of the brand to the Japan based TSI Holdings Co Ltd for $63 million, according to a story on Reuters.

TSI Holdings Co Ltd says it plans to acquire 90 percent stake in U.S.-based firm HUF Holdings, LLC (target firm) on Dec. 14, at the price of $63 million

According to a press release (which is in Japanese) Keith Hufnagel currently owns 15 percent of HUF, while Altamont Capital Partners owns 57.7 percent with Jai Baek and Joanne Baek owning 17.5 and 7.5 respectively.

[Link: Reuters]

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