Latest news with #Altor
Yahoo
27-06-2025
- Business
- Yahoo
NHL Head Coach Takes Equity Stake in Equipment Giant CCM
Martin St. Louis, head coach of the Montreal Canadiens and Hall of Fame player with the Tampa Bay Lightning, is taking a minority stake in hockey equipment company CCM. Seven7, an investment firm founded by St. Louis, is joining Norwegian private equity fund Altor as a co-investor in CCM. Last October, Altor took a majority stake in the company, priced at $450 million. CCM was previously owned by another private equity firm, Birch Hill Equity Partners. Advertisement More from Financial details of Seven7's holding were not disclosed. St. Louis started Seven7 in 2016, a year after his retirement as a player, along with former NHLer Jeff Hamilton and Keith McCullough, who founded independent Wall Street research firm Hedgeye Risk Management. The investment fund largely focuses on sports, media and entertainment. It was an early investor in LiveBarn, a youth sports streaming service that recently hired Raymond James to facilitate a sale. Founded as Canada Cycle & Motor Company Limited in 1899, CCM quickly pivoted from bike production to making skates and other hockey equipment. The company has a revolving door of owners in its history, including Reebok. Adidas, which bought Reebok in 2005, owned CCM until 2017 when it sold off most of its assets while retaining the apparel division that supplied the NHL. The company also supplies gear for the PWHL, the American Hockey League and several NCAA programs. Advertisement According to CCM CEO Marrouane Nabih, the company is a leader in seven of the eight categories of on-ice gear used by NHL players, including sticks, helmets and protective pads. CCM was second in skates among the 700+ players in the league. CCM has long been endorsed by some of the league's premier stars, including Edmonton's Connor McDavid, Toronto's Auston Matthews and Pittsburgh's Sidney Crosby. Sarah Nurse, one of the newest members of the PWHL's expansion team in Vancouver, is also part of CCM's roster. Best of Sign up for Sportico's Newsletter. For the latest news, follow us on Facebook, Twitter, and Instagram.
Yahoo
24-06-2025
- Business
- Yahoo
Seven7 Partners with Altor to Invest in Minority Stake in CCM, the Iconic Global Hockey Brand
STAMFORD, Conn., June 24, 2025 /PRNewswire/ -- Seven7 is pleased to announce its co-investment with leading Nordic private equity firm Altor in the previously announced acquisition of CCM, one of the most iconic and innovative brands in global hockey. Founded in 1899, CCM has been at the forefront of hockey innovation for over a century. From outfitting generations of NHL stars to supporting grassroots programs across North America and Europe, CCM has built an unmatched reputation for quality, performance, and authenticity. Today, the brand is a global leader in hockey equipment and apparel—trusted by elite athletes and weekend hockey players alike. The investment from Altor and Seven7 signals a bold new chapter for CCM—one focused on international expansion, digital transformation, product innovation, and deeper engagement with the next generation of players and fans. Daryl Jones, Chief Investment Officer of Seven7, said: "This is a landmark opportunity. At Seven7, we look for cultural relevance, passionate communities, and long-term brand value—and CCM checks every box. Hockey is growing around the world, and CCM is right at the center of that expansion. We're proud to support CCM's world-class team and to partner with Altor, who bring outstanding operational capabilities. Together, we're backing a brand that has been shaping the sport for 125 years—and still has its best hockey ahead of it." Mike Commodore, former NHL defenseman, Stanley Cup Champion, and investor in Seven7, added: "I've been rocking CCM gear since I was barely old enough to skate. From juniors to the NHL, their equipment was always in my bag. Now, to go from player to part-owner? Let's just say—this isn't just an investment, it's personal. CCM has history, swagger, and a runway. The goal now is to take that legacy global, and I'm fired up to be part of it. Let's go!" This investment marks the latest in a series of strategic hockey-sector investments for Seven7, which has also backed LiveBarn, EZ-Ice, Sauce Hockey, and a USHL franchise. About Seven7Seven7, LLC is a Stamford, Connecticut-based investment firm backing entrepreneurs, founders, and leadership teams in sports, media, and consumer markets. The firm focuses on long-term value creation through deep thematic research and active operational engagement. Seven7 is built on the belief that the next wave of exceptional returns will come from authentic brands with loyal followings and cultural momentum. Press Contact:Seven7 Communicationsdaryl@ View original content to download multimedia: SOURCE Seven7
Yahoo
24-06-2025
- Business
- Yahoo
Seven7 Partners with Altor to Invest in Minority Stake in CCM, the Iconic Global Hockey Brand
STAMFORD, Conn., June 24, 2025 /PRNewswire/ -- Seven7 is pleased to announce its co-investment with leading Nordic private equity firm Altor in the previously announced acquisition of CCM, one of the most iconic and innovative brands in global hockey. Founded in 1899, CCM has been at the forefront of hockey innovation for over a century. From outfitting generations of NHL stars to supporting grassroots programs across North America and Europe, CCM has built an unmatched reputation for quality, performance, and authenticity. Today, the brand is a global leader in hockey equipment and apparel—trusted by elite athletes and weekend hockey players alike. The investment from Altor and Seven7 signals a bold new chapter for CCM—one focused on international expansion, digital transformation, product innovation, and deeper engagement with the next generation of players and fans. Daryl Jones, Chief Investment Officer of Seven7, said: "This is a landmark opportunity. At Seven7, we look for cultural relevance, passionate communities, and long-term brand value—and CCM checks every box. Hockey is growing around the world, and CCM is right at the center of that expansion. We're proud to support CCM's world-class team and to partner with Altor, who bring outstanding operational capabilities. Together, we're backing a brand that has been shaping the sport for 125 years—and still has its best hockey ahead of it." Mike Commodore, former NHL defenseman, Stanley Cup Champion, and investor in Seven7, added: "I've been rocking CCM gear since I was barely old enough to skate. From juniors to the NHL, their equipment was always in my bag. Now, to go from player to part-owner? Let's just say—this isn't just an investment, it's personal. CCM has history, swagger, and a runway. The goal now is to take that legacy global, and I'm fired up to be part of it. Let's go!" This investment marks the latest in a series of strategic hockey-sector investments for Seven7, which has also backed LiveBarn, EZ-Ice, Sauce Hockey, and a USHL franchise. About Seven7Seven7, LLC is a Stamford, Connecticut-based investment firm backing entrepreneurs, founders, and leadership teams in sports, media, and consumer markets. The firm focuses on long-term value creation through deep thematic research and active operational engagement. Seven7 is built on the belief that the next wave of exceptional returns will come from authentic brands with loyal followings and cultural momentum. Press Contact:Seven7 Communicationsdaryl@ View original content to download multimedia: SOURCE Seven7 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
06-06-2025
- Business
- Time of India
Aditya Birla Group acquires Cargill's speciality chemical manufacturing facility in US, ET Manufacturing
Advt Advt Business conglomerate Aditya Birla Group has acquired Cargill 's speciality chemical manufacturing facility in Dalton, a statement on Thursday, the group announced the expansion of its US Advanced Materials business with the acquisition of Cargill Incorporated's 17-acre speciality chemical manufacturing facility in Dalton, acquisition continues Aditya Birla's expansion in the US' manufacturing sector, a key aspect of Aditya Birla's growth strategy, which now totals over $15 billion in acquisition was executed through Aditya Birla Chemicals (USA) Inc., a wholly-owned subsidiary of Aditya Birla Chemicals (Thailand) Ltd."This acquisition represents Aditya Birla's strategic entry into the US chemicals industry, extending the business model of our other successful manufacturing businesses in the United States, including Novelis and Birla Carbon," said Kumar Mangalam Birla, Chairman of Aditya Birla Group."Our growth strategy in the United States is anchored in a commitment to leverage our deep manufacturing expertise to support the revitalisation of the growing American manufacturing sector. We look forward to investing in and expanding this foundational facility and identifying other strategic assets to drive growth."With this acquisition, the advanced materials business welcomes 50 business plans to expand the facility's current capacity of 16,000 tonnes per year to over 40,000 tonnes over the next two Birla Group will continue to manufacture the plant's current output of formulated resins, curing agents, reactive diluents and polyaspartic resins for the marine, industrial coatings, and flooring industries, which include epoxy resins, modifiers, curing agents, and other specialty chemicals sold under the brands CHEMCURE, ChemMod, Altor, Acme Shield, and ChemRes Additionally, it will introduce products for the automotive, renewable energy and aerospace industries, including its patented chemistries to enable recycling of epoxy composites used in wind, sports goods, pressure vessels and other applications."This acquisition reinforces our commitment to expanding our Advanced Materials business in the United States and globally. Establishing a local presence in the US will enable us to serve regional customers more efficiently and collaborate closely to develop tailored solutions."We are excited to leverage this facility to enhance its capabilities and broaden our product offerings for our customers," said Rajesh Balakrishnan, CEO of Aditya Birla Group, Advanced Materials business.
Fibre2Fashion
06-06-2025
- Business
- Fibre2Fashion
Aditya Birla Group acquires Cargill's US specialty chemicals facility
Aditya Birla Group, a leading Indian multinational conglomerate and the largest Indian investor in the United States, announced the expansion of its U.S. Advanced Materials business with the acquisition of Cargill Incorporated's 17-acre specialty chemical manufacturing facility in Dalton, Georgia. The acquisition continues Aditya Birla's expansion in the United States' manufacturing sector, a key aspect of Aditya Birla's growth strategy, which now totals over $15 billion in investment. Aditya Birla Group has acquired Cargill's 17-acre specialty chemical plant in Dalton, Georgia, expanding its US Advanced Materials business. The move adds 50 employees, with plans to boost capacity from 16,000 to over 40,000 tons. The facility will serve marine, coatings, and flooring industries, while also targeting automotive, renewable energy, and aerospace sectors. 'This acquisition represents Aditya Birla's strategic entry into the U.S. chemicals industry, extending the business model of our other successful manufacturing businesses in the United States, including Novelis and Birla Carbon,' said Mr. Kumar Mangalam Birla, Chairman of Aditya Birla Group. 'Our growth strategy in the United States is anchored in a commitment leverage our deep manufacturing expertise to support the revitalization of the growing American manufacturing sector. We look forward to investing in and expanding this foundational facility and identifying other strategic assets to drive growth.' With this acquisition, the Advanced Materials business welcomes 50 employees. The business plans to expand the facility's current capacity of 16,000 tons per year to over 40,000 tons over the next two years, affirming the business's commitment to local operations and job creation. The acquisition was executed through Aditya Birla Chemicals (USA) Inc., a wholly owned subsidiary of Aditya Birla Chemicals (Thailand) Ltd. "This acquisition by our Advanced Materials business will strengthen cooperation with customers in developing next-generation products,' said Mr. Jayant Dhobley, Business Head of CFI, Aditya Birla Group, 'We remain committed to further investments at this site in the coming months and will introduce advanced technologies from our global operations.' Aditya Birla Group will continue to manufacture the plant's current output of formulated resins, curing agents, reactive diluents and polyaspartic resins for the marine, industrial coatings, and flooring industries, which include epoxy resins, modifiers, curing agents, and other specialty chemicals sold under the brands CHEMCURE, ChemMod, Altor, Acme Shield, and ChemRes. Additionally, the Advanced Materials business will introduce products for the automotive, renewable energy and aerospace industries, including its patented chemistries to enable recycling of epoxy composites used in wind, sports goods, pressure vessels and other applications. "This acquisition reinforces our commitment to expanding our Advanced Materials business in the United States and globally. Establishing a local presence in the U.S. will enable us to serve regional customers more efficiently and collaborate closely to develop tailored solutions. We are excited to leverage this facility to enhance its capabilities and broaden our product offerings for our customers,' said Mr. Rajesh Balakrishnan, CEO of Aditya Birla Group – Advanced Materials business. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (HU)
