Newell Brands, the new owner of K2 and Volkl, confirmed today that the sale process is underway for its winter sports businesses.
The company hopes to complete the divesture in the first half of 2017, Newell said in a statement.
K2 and Volkl are big players in the alpine ski market, accounting for about 30% of sales, according to SIA data.
Newell also said it has reached an agreement to sell its Rubbermaid storage tote business, and has added its Pine Mountain fire starter and Diamond match businesses to the list of companies it plans to sell.
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