Tom McGann, CEO of Spyder Active Sports
19 Aug. 2013
Authentic Brands Group, LLC Completes Purchase of SpyderAuthentic Brands Group, LLC (ABG) announced today the acquisition of outdoor ski and snow brand Spyder.
In connection with the acquisition, ABG and LF USA have entered into a partnership that establishes LF USA as the exclusive licensee partner in North, South, and Central America, Europe, the Middle East and Africa for all current in-market and footwear products bearing the Spyder brand. In addition, LF Asia will act as lead agent to identify partnerships for the brand in all product categories in the Asia Pacific market.
Spyder represents the first outdoor and winter sports brand in ABG’s growing portfolio.
“We are thrilled to announce the addition of Spyder to our growing portfolio of brands,” said Jamie Salter, CEO of Authentic Brands Group, LLC. “Spyder is widely known and highly respected throughout the outdoor community as one of the most technical and fashionable brands in the winter sports market. We look forward to working closely with LF USA and Spyder management to maintain and grow Spyder’s presence both on and off the mountain."
Spyder, which started as a small mail order business in 1978, has its headquarters in Boulder, Colorado. the brand is the official supplier to the US Ski Team, a relationship established in 1989. In addition, the Canadian Alpine Ski Team has been outfitted by Spyder since 2002.
“This will elevate and streamline our current business while opening the door to expand the brand’s reach into new markets. Technical superiority, great design, and excellent finishing are not limited to the mountain and we are excited to show what is now possible with ABG and LF USA in our corner,” said Tom McGann, CEO of Spyder Active Sports, Inc.
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