Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Samsonite Group S.A. M&A Activity 2014

Jul 24, 2014

50259_rns_2014-07-23_5bfb5965-5e01-49cc-b18b-8c0d562490ba.pdf

M&A Activity

Open in viewer

Opens in your device viewer

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Samsonite

SAMSONITE INTERNATIONAL S.A.

新秀麗國際有限公司

13-15 Avenue de la Liberté, L-1931 Luxembourg

R.C.S. LUXEMBOURG: B 159469

(Incorporated in Luxembourg with limited liability)

(Stock code: 1910)

VOLUNTARY ANNOUNCEMENT

COMPLETION OF ACQUISITION OF THE ASSETS OF

GREGORY MOUNTAIN PRODUCTS, LLC

On July 23, 2014, the Company's wholly owned subsidiaries completed the acquisition, for cash consideration of US$84.135 million, of the assets of Gregory Mountain Products, LLC ("Gregory") pursuant to the Asset Purchase Agreement dated June 18, 2014 (the "Asset Purchase Agreement") between Samsonite LLC, Black Diamond, Inc. and Gregory.

This announcement is made by the Company on a voluntary basis.

COMPLETION OF ACQUISITION

On July 23, 2014, the Company's wholly owned subsidiaries Samsonite IP Holdings, S.à r.l. and Samsonite LLC completed the acquisition of the assets of Gregory pursuant to the Asset Purchase Agreement. Consideration for the transaction was US$84.135 million in cash, which was funded using the Company's revolving credit facility as well as internal resources.

By Order of the Board

SAMSONITE INTERNATIONAL S.A.

Timothy Charles Parker

Chairman

Hong Kong, July 24, 2014

As of the date of this announcement, the Executive Directors are Timothy Charles Parker, Kyle Francis Gendreau, Ramesh Dungarmal Tainwala and Tom Korbas and the Independent Non-Executive Directors are Paul Kenneth Etchells, Miguel Kai Kwun Ko, Ying Yeh, Keith Hamill and Bruce Hardy McLain (Hardy).