Thule Closes the Acquisition of Case Logic After Anti-Trust Approval

Article continues below...MALMO, Sweden, June 4 /PRNewswire/ -- Thule, the world leader in Sports Utility Transportation, announces the closing of the Case Logic acquisition after approval of relevant anti-trust authorities. The transaction was originally announced on April 30th, 2007.

"The Case Logic acquisition adds a highly complementary line of products to our core line of smart transportation solutions based on functional design. Thule and Case Logic are serving the same end consumer groups, active people that need an accessory to bring their equipment with them safely, easily and in style. A large percentage of Case Logic's products are offered around or inside the car, where Thule has its strong base", comments Anders Pettersson, President and CEO of Thule.

About Thule

Thule is the world leader within Sports Utility Transportation, delivering transportation solutions for active families and outdoor enthusiasts wanting to transport their equipment by vehicles safely, easily and in style. The product portfolio comprises load carriers for cars such as rooftop boxes, roof rails and bike carriers. Additionally, the company offers snow chains, trailers, towing systems as well as accessories for motor homes and caravans. Thule has approximately 4,000 employees at over 30 production and sales locations in all major car markets in North America, Europe, Africa and Asia. Pro forma sales for 2006 amounted to 6.6 billion SEK (Euro 721 million).

Thule AB is based in Malmo, Sweden. More information is available at http://www.thule.com/

About Case Logic, Inc.

Case Logic is a worldwide leading designer and distributor of innovative, high-quality storage and organization solutions used in many different aspects of a consumer's daily life. Deriving from traditional solutions such as product lines for CD's, DVD's, MP3 Players, Laptops, and Cameras, Case Logic has expanded recently into lifestyle-oriented products within the travel and luggage market. The company was founded in 1984 and is headquartered in Longmont, Colorado.

More information is available at http://www.caselogic.com/

Source: Thule AB ‹ previous  •  1004 of 13073  •  next ›