And as unwritten tradition dictates, six years later, Helly Hansen moved on to the next one, in this case the The Canadian Tires Corporation. As with the last three acquisitions, this is a company that invests in several sectors. From tires, which gave birth and name to the company, to others such as sports, stores, commercial real estate assets, gas stations, electronics or textiles. It is based in Ontario and with the purchase of Helly Hansen, they integrate not only a leading brand in mountain and sea sports activities, but also the technology and proven experience of safety clothing for professionals.
Canadian Tire Corporation will pay 985 million dollars to the Ontario Teachers' Pension Plan (OTPP) for its shares in Helly Hansen.
About Helly Hansen
Helly Hansen is the leading sporting goods brand for professionals and outdoor enthusiasts who work or venture in the harshest climates on the planet. Based in Oslo (Norway), it is recognized as the company that manufactured the first raincoat in 1877, the first polypropylene fabric fleece in 1960 and Lifa®, the first technical layer in 1970. Its 3-layer system has become the global standard for keeping the body dry and comfortable in cold and wet conditions. Today, Helly Hansen is a leading global brand of equipment and footwear specifically designed for outdoor and water activities.
Last owners of Helly Hansen:
– 2000: InvestCorp (London) acquires 100%. In 1997, he bought 50%.
– 2006: Altor Found (Oslo), for $82 million
– 2012: Ontario Teachers' Pension Plan (Ontario) for $326 million.
– 2018: Canadian Tires Corporation (Ontario) for $985 million
“Internet fanatic. Web ninja. Social media trailblazer. Devoted thinker. Friend of animals everywhere.”
