Alternative asset management firm Investcorp has acquired helmet maker Poc Sweden AB from Black Diamond Inc. (NASDAQ: BDE) for $65 million in cash.
Poc, based in Stockholm, Sweden, and founded in 2004, makes helmets, gloves, and goggles that are used in cycling, skiing along with other sports. The targeted posted about $35 million in sales for 2014. Black Diamond acquired POC in 2012 for close to $45 million. Black Diamond makes helmets, jackets and harnesses for rock climbing and other outdoor activities.