Advanced Engineering 2019

Exel to acquire business operations of Fiberspar Performance Products

26 April 2000

The Finnish sporting goods manufacturer Exel Oy has entered into an agreement to acquire the business operations of the US company Fiberspar Performance Products from Fiberspar Inc. The acquisition price is expected to be around FIM25m, of which goodwill accounts for some FIM10m. Fiberspar Performance Products manufactures and markets composite windsurfing masts and booms, yacht battens, ice-hockey sticks and other composite sports equipment and accessories worldwide.

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