Billabong Buys Sector 9

by The Editors on July 2, 2008

And the latest in Billabong’s run to soak up every solid brand in the US comes news that the company has purchased Sector 9 for and undisclosed sum.

Queensland-based Billabong expects the business to add about 2% to group sales, implying the business generates $25 million to $30 million in sales.

“Sector 9’s products, primarily its longboards, really differentiate it from other brands in the boardsports channel and have appeal to surfers, skateboarders and the broader youth market,” Billabong chief executive Derek O’Neill said.

Steve Lake, Dennis Telfer and co-owner Dave Klimkiewicz will continue on with what we’re guessing are nice looking buyouts for increasing sales down the road. Watchout, Burton.

[Link: The Age]

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