×
315
Fashion Jobs
LOVISA
Regional Manager
Permanent ·
THE JUST GROUP
Office Administrator
Permanent · Auckland
ESTEE LAUDER
bb/cl/el/jm/lm/Mac/tf - Freelance Consultant - Auckland - on-Call/Freelance
Permanent · Auckland
H&M
Christmas Sales Advisor - Commercial Bay
Permanent · AUCKLAND
H&M
Christmas Sales Advisor - Sylvia Park
Permanent · AUCKLAND
H&M
Christmas Sales Advisor - New Market
Permanent · AUCKLAND
JACQUI E
Sales Assistant - Part Time - Jacqui e nz - Riccarton
Permanent · Christchurch
JUST JEANS
Sales Assistant - Part Time - Just Jeans nz - Botany
Permanent · Auckland
JUST JEANS
Sales Assistant - Part Time - Just Jeans nz - Botany
Permanent · Auckland
JAY JAYS
Assistant Store Manager - Jay Jays nz- Hamilton
Permanent · Waikato
JD SPORTS
3ic - Sylvia Park
Permanent · Auckland
JAY JAYS
Christmas Casual - Jay Jays nz - Porirua
Permanent · Wellington
JAY JAYS
Christmas Casual - Jay Jays nz - Lower Hutt
Permanent · Wellington
JUST JEANS
Christmas Casual - Just Jeans nz - Porirua
Permanent · WELLINGTON
JUST JEANS
Christmas Casual - Just Jeans nz - Lambton Quay
Permanent · Wellington
JUST JEANS
Christmas Casual - Just Jeans nz - Lower Hutt
Permanent · Wellington
JUST JEANS
Christmas Casual - Just Jeans nz - Napier
Permanent · Wellington
JUST JEANS
Christmas Casual - Just Jeans nz - Masterton
Permanent · Wellington
JUST JEANS
Sales Assistant - Casual - Just Jeans nz- Porirua
Permanent · Wellington
JUST JEANS
Sales Assistant - Part Time - Just Jeans nz - Porirua
Permanent · Wellington
JD SPORTS
Supervisor - New Store Opening - Hamilton
Permanent · Hamilton
JD SPORTS
Back of House Supervisor - New Store Opening - Hamilton
Permanent · Hamilton
Translated by
Roberta HERRERA
Published
Jul 26, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Victor Capital sells PrimaLoft to Compass Diversified

Translated by
Roberta HERRERA
Published
Jul 26, 2022

Primaloft, the nearly 40-year-old thermal insulation material specialist, has been acquired by the American group Compass Diversified, also known as Codi. The American holding group has already invested in outdoor sports via Boa, a patented technology that optimizes the tightening of laces on cycling, hiking and skiing boots.


Primaloft


In acquiring Primaloft Technologies Holdings for $530 million (522 million euros), the group, which has offices in Connecticut and California, is also acquiring a company that focuses on research and development.

Compass Diversified now owns 91% of the company and acquired it from Victor Capital Partners and minority shareholders.

Launched in 1983, Primaloft technology was originally created to provide the U.S. military with synthetic insulation that replicated the warmth and lightness of traditional goose down, while remaining warm when exposed to water. Building on its origins, Primaloft has developed a portfolio of customers supplying outdoor clothing and equipment. Today, Primaloft has over 950 customers worldwide who rely on its solutions.

"We are delighted to have completed the acquisition of Primaloft and look forward to partnering with its experienced management team to capitalize on the significant market opportunities ahead," said Elias Sabo, CEO of Compass Diversified.

Mike Joyce, Primaloft's CEO, will remain at the helm of the company. Over the last few years, the company inevitably began adopting a more environmentally responsible approach. This is reflected in its "Relentlessly Responsible" philosophy, which aims to balance innovation, performance and sustainability.

In its environmental report published last spring, the company highlighted its desire to work towards decarbonizing its business. Its objectives include increasing the proportion of recycled materials used to make its products to 50%, and ensuring that they represent between 80% and 100% of the materials offered.

The group has also partnered with Origin Materials to create a next-generation insulation material, using polymers derived from wood residues rather than hydrocarbons. Primaloft plans to manufacture non-woven insulation using these fibers. By 2023, it intends to secure a partnership with five brands to develop prototype products using this technology. It remains to be seen whether the new owner's arrival will help speed up this transition.

Copyright © 2022 FashionNetwork.com All rights reserved.