Henri-Lloyd to be sold to Odlo for undisclosed sum
Sailing brand Henri-Lloyd is to be acquired by the Odlo outdoor and performance clothing company for an undisclosed sum.
Founded 60 years ago by Henri Strzelecki as a waterproof clothing company, Henri Lloyd has been credited with several world-firsts within the technical clothing market that have today become industry standards. These include seam taping garments for waterproofing and the invention of the nylon non-corrosive zip.
The company is a technical clothing partner of both GBR Sail GP Team and INEOS Britannia and will continue to develop the relationships following the acquisition.
Henri-Lloyd currently has a team of 85 in its UK retail business.
Hans Eckerström, chairman of Henri-Lloyd, said: “The acquisition of Henri-Lloyd by Odlo opens up tremendous opportunities for the brand to reach its true potential to the benefit of all shareholders, both current and future.
“Joining a family of successful companies that share values and goals will accelerate our growth. Most importantly that journey will be based on quality, innovation and striving for sustainability – principles that the Henri-Lloyd team hold dearly.”
The acquisition comes just a few months after Odlo announced the acquisition of Janus, a merino clothing manufacturer. Odlo is owned by Monta Rosa Capital.
Hugo Maurstad, chairman of Odlo, added: “We are excited about including Henri-Lloyd into our family of brands. It is an iconic brand with a proud history. Together with Odlo we aspire to further expand its product range and geographic footprint. Henri-Lloyd and Odlo are both companies that originated from technical innovations in outdoor sport apparel and they will complement each other going forward.”