Oxylane Holding acquires 25 percent stake in Storck Bicycle

The French Oxylane Holding, holding company for various brands in the sporting goods and sportswear segment, is a new shareholder of the Hessian bike manufacturer Storck.

Oxylane Holding has more than 50,000 employees and a turnover of around EUR 6 billion. The new shareholder structures are the result of a reduction in minority interests from 38 percent in free float to 25 percent now held by Oxylane Holding. At the same time, the Storck owner family increased its stake from 62% to 75%. With the increased equity base, the annual growth of Storck Bicycle GmbH of up to 25 percent can be supported accordingly with own funds.

However, the business model and orientation of the Storck brand will not change. Markus Storck comments: "Storck Bicycle will continue to operate as before. Our store concept will be expanded worldwide with dealers and distribution partners. The most important partner for us remains the German specialist trade, where we have recorded a 60% growth in incoming orders in the last 11 months alone. With Oxylan Holding, we have gained a strong, reliable partner for our further development."www.storck-bicycle.de

Source: Press release