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Volcom acquires Japanese distributor
The Costa Mesa-based action sports apparel manufacturer will further its international reach.
By Susan BelknappPublished: September 02, 2008 10:42 AM
Volcom Inc. announced today that it has signed a definitive agreement to acquire its Japanese distributor, which is a key region for its international operations.
This move is an integral part of Volcom’s international growth strategy and will help facilitate a larger presence in the Japanese market.
The transaction will discuss the deal and other company matters on Wednesday, Sept. 3 at a Southern California Investor Conference presentation that will be webcast on the company’s site, volcom.com.
“This acquisition is a testament to the strength of our brand in Japan after working with our distributor for more than 15 years,” says Richard Woolcott, chairman and CEO of Volcom. “We are excited to culminate a longstanding relationship with an opportunity to work more closely with our accounts in this important territory, while retaining our Japan-based distribution team.”
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Volcom Inc. announced today that it has signed a definitive agreement to acquire its Japanese distributor, which is a key region for its international operations. This move is an integral part of Volcom’s international growth strategy and will help facilitate a larger presence in the Japanese market. The transaction will discuss the deal and other company matters on Wednesday, Sept. 3 at a Southern California Investor Conference presentation that will be webcast on the company’s site, volcom.com. “This acquisition is a testament to the strength of our brand in Japan after working with our distributor for more than 15 years,” says Richard Woolcott, chairman and CEO of Volcom. “We are excited to culminate a longstanding relationship with an opportunity to work more closely with our accounts in this important territory, while retaining our Japan-based distribution team.” |
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